130 County Road 120
About This Property
The back portion of the property offers beautiful elevation with sweeping views and spectacular Texas sunsets, providing the perfect setting for your dream home. Whether you're looking for a full-time residence, weekend retreat, or recreational getaway, this property offers endless possibilities.
Wildlife is abundant, making it an excellent hunting property for deer, turkey, and other native game. A small pond provides an additional water source for wildlife and adds to the property's charm. The land is fully fenced and offers an exceptional balance of beauty, privacy, and usability.
Electricity is available nearby, and neighboring properties have strong water wells, with one reported at approximately 150 feet deep, providing encouraging evidence for future water well potential. Best of all, there are **no deed restrictions**, giving you the freedom to build the home, barndominium, cabin, or recreational retreat you've always envisioned without unnecessary limitations.
Located just 15 minutes from downtown Goldthwaite, you'll enjoy the convenience of town while experiencing the unmatched peace, privacy, and natural beauty of the Texas countryside. Properties with this combination of mature trees, creek, elevation, pond, abundant wildlife, scenic views, and unrestricted use are becoming increasingly difficult to find. Don't miss the opportunity to own one of the finest small-acreage tracts in Mills County.
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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 |
|---|---|---|---|
| Jul 29, 2026 | Listed by Cross H Realty | $433,200 | |
| Listed by Cross H Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017