TBD CR 109
About This Property
Come see 142.42 acres of some of the best views and land that Erath County has to offer. This awesome place just north of Huckabay ISD has a wonderful split of sandy loam soil and hardwoods. It would be a perfect place to run cows and still have plenty of room to hunt. Did I mention water??? There are FOUR tanks and THREE water wells. The well at the little set of cattle pens puts out 60 GALLONS A MINUTE!!! Water like this is super rare in this area of the county. There is even a working windmill that feeds a small tank on top of the hill. The entire bottom of the property is filled with pecan trees and potential building sites.
Give me a ring and lets go take a look!
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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 |
|---|---|---|---|
| Sep 24, 2021 | Sold | ||
| Sold | |||
| Jul 23, 2021 | Listed by CLARK REAL ESTATE GROUP | $1,281,780 | |
| Listed by CLARK REAL ESTATE GROUP | |||
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***WATER, HARDWOODS, AND VIEWS***
Come see 142.42 acres of some of the best views and land that Erath County has to offer. This awesome place just north of Huckabay ISD has a wonderful split of sandy loam soil and hardwoods. It would be a perfect place to run cows and still have plenty of room to hunt. Did I mention water??? There are FOUR tanks and THREE water wells. The well at the little set of cattle pens puts out 60 GALLONS A MINUTE!!! Water like this is super rare in this area of the county. There is even a working windmill that feeds a small tank on top of the hill. The entire bottom of the property is filled with pecan trees and potential building sites.
Give me a ring and lets go take a look!
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Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14633325
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