11060 State Highway 254
About This Property
WATER, ELECTRICITY, AND SEPTIC SYSTEM ARE ALREADY IN. ALSO INCLUDES CAMPER, STEEL RV COVERING, 30HP TRACTOR WITH ATTACHMENTS, QUAD 4X4 VEHICLE AND TWO CONEX BOXES. This 59.734-acre property is just 10 minutes from Possum Kingdom Lake. Easy access to 281 and 1-20. Bring your horses and cattle and start building. FOR ALL YOU HUNTERS, enjoy the countryside views and the peaceful setting from all areas of this lush 59+ acre property featuring commanding views and abundant wildlife including Aoudad, turkey, dove, trophy deer, hogs + more! One-year old hunting blind and three hog & cow-proof heavy-duty feeders. The property also includes an existing water well that is 250 feet deep and pumps 27 gallons per minute. It has a reverse osmosis system with a 3000-gallon holding tank to hold the treated water. There is also a second well on this property that buyer can have evaluated. This property has a stock tank that holds rainwater for livestock use. The back part of this parcel is heavily treed with a slight elevation change. The property is fenced all the way around with couple year old T-Posts and 5-strand barbed wire. This property is 2 parcels and must be sold together.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 19, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 9, 2025 | Price Decreased |
$759,500
↓ $500
(0.1%) | |
| Price Decreased | |||
| Jun 23, 2025 | Price Decreased |
$760,000
↓ $5K
(0.7%) | |
| Price Decreased | |||
| May 28, 2025 | Price Decreased |
$765,000
↓ $5K
(0.6%) | |
| Price Decreased | |||
| May 19, 2025 | Price Decreased |
$769,900
↓ $4K
(0.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017