1020 Goodnight Trail
About This Property
views. This lot already has a brand new water well in place with electricity available. Build
your dream home on this gorgeous lot in the middle of large ranches within minutes of booming Mineral Wells and just
a short drive into Weatherford! Bring the horses and livestock and build the ranchette of your dreams! Don't miss an
opportunity to be apart of the growing Loving Springs Community!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 29, 2025 | Price Decreased |
$150,000
↓ $25K
(14.3%) | |
| Price Decreased | |||
| May 27, 2025 | Listed by Kirkpatrick Realty | $175,000 | |
| Listed by Kirkpatrick Realty | |||
| Nov 3, 2024 | No longer available | - | |
| No longer available | |||
| Nov 2, 2023 | Listed by Keller Williams Heritage West | $175,000 | |
| Listed by Keller Williams Heritage West | |||
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Discover Loving Springs! Embrace your Ranchette on land once part of cattle baron Charles Goodnight's Ranch of the Goodnight Loving Trail. This tract boasts hilltop views, scattered trees, and mesmerizing Western sunsets over water vistas. Within Loving Springs, uncover picturesque tracts featuring rolling hills, mature trees, and stunning sunrise and sunset panoramas. All tracts are equipped with underground electric, awaiting your dream escape just an hour from the metroplex. No HOA restrictions. While MK Homes is the recommended builder, you have the freedom to choose your own. Enjoy a brief commute to Weatherford, Mineral Wells, and the renowned Possum Kingdom Lake. Several lots are available, whether you prefer to combine them or make individual purchases, such as 20R (complete with a well), 22, and 23 (totaling 14.46 acres), or lots 29, 30(complete with well), 31 (for a 15-acre sanctuary).
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Last Updated: 11 months ago
Data Source: NTREIS MLS, MLS# 20949366
Details provided by NTREIS and may not match the public record
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