12100 State Highway 254
About This Property
VETERANS! You may be able to purchase this land with a 5% down-payment through the Texas Veteran's Land Board.
Additional Acreage available to purchase. Please contact us for more information.
All acreages and boundary lines shown on media are approximate and subject to final survey.
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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 |
|---|---|---|---|
| Feb 26, 2024 | Sold | ||
| Sold | |||
| Aug 23, 2023 | Listed by BOURQUIN REALTY | $110,000 | |
| Listed by BOURQUIN REALTY | |||
| Jul 13, 2023 | No longer available | - | |
| No longer available | |||
| May 22, 2023 | Price Decreased |
$140,000
↓ $5K
(3.5%) | |
| Price Decreased | |||
| Apr 12, 2023 | Listed by Gibson Realty Group, LLC | $145,000 | |
| Listed by Gibson Realty Group, LLC | |||
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Come enjoy the small-town life with beautiful sunsets, good school 5 miles away to Graford. Less than 20 miles away from the growing historical downtown of Mineral Wells with shopping and lots of history and sites to see and just over 60 minutes to Fort Worth. Little over 7 acres cut out of a larger tract on west side of property with existing tank or pond. Building supplies, Walmart, Farm and Ranch a new Atwoods, restaurants and businesses all over town opening up. Located between Graford and 4-way intersection of North 281, Hwy 254. 20 minutes from Possum Kingdom Lake. Good location to be out in the country, but close to amenities. Not located in a development and seller occupies remaining 23 acres and buyer will have 1st opportunity to purchase additional acreage if it becomes available. Water survey has been completed for a well and several locations marked and data was pulled from Texas Water Development Board Website.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017