TBD Lot 14 12397 Mitchell Bend CT
About This Property
Aerial views reveal the incredible setting: sweeping green pastures, multiple ponds nearby, and miles of unspoiled Texas countryside stretching in every direction. The property benefits from paved road frontage and an internal drive, making access easy while still feeling completely removed from city life.
Whether you're envisioning a private riverside retreat, a hunting camp, or a custom home site with a view money can't buy, Lot 14 delivers. Abundant wildlife, and the peaceful sounds of the river - this is Texas land ownership at its finest, just a short drive from Fort Worth.
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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 |
|---|---|---|---|
| Aug 19, 2026 | In contract | - | |
| In contract | |||
| Jul 16, 2026 | Price Decreased |
$117,600
↓ $34K
(22.2%) | |
| Price Decreased | |||
| Jun 11, 2026 | Listed by LA TIERRA REALTY, LLC | $151,200 | |
| Listed by LA TIERRA REALTY, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017