1223 Yowell Road
About This Property
Step outside and enjoy the privacy and versatility of your own acreage. Two peaceful ponds, mature trees, a loafing shed, corral area, and cross-fenced pasture provide an ideal setting for horses, cattle, chickens, or a hobby farm. Whether you're looking for room for animals, outdoor projects, or simply space to spread out, this property offers plenty of possibilities.
A standout feature is the detached 24 x 22 steel-framed workshop-garage, complete with a concrete floor, electricity, rollup bay door, plus a 2-car carport. There's room for vehicles, equipment, hobbies, and all the projects that come with country living.
With no HOA and no known restrictions, the possibilities are wide open. Enjoy the freedom and privacy of acreage while remaining within easy reach of town, area lakes, Sherman, and approximately 50 miles north of Dallas. A rare opportunity to enjoy space, serenity, and versatility in a convenient country setting. Property is being sold as-is.
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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 |
|---|---|---|---|
| Oct 5, 2026 | In contract | - | |
| In contract | |||
| Sep 23, 2026 | Listed by C-21 DEAN GILBERT, REALTORS | $341,500 | |
| Listed by C-21 DEAN GILBERT, REALTORS | |||
| Jul 1, 2026 | No longer available | - | |
| No longer available | |||
| Jun 4, 2026 | Relisted | $390,000 | |
| Relisted | |||
| Apr 25, 2026 | In contract | - | |
| In contract | |||
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About Grayson
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017