1474 Richerson Road
About This Property
Build Your Dream Home in the Country!
Enjoy 5.92 heavily wooded acres in Grayson County featuring mature trees, rolling terrain,
abundant wildlife, and an ideal homesite for your dream home, barndominium, weekend getaway,
or investment property.
Property Highlights
• 5.92 Acres • Mature Trees • Outside City Limits
• Electric Nearby • Septic Required
• Well or Rural Water (Buyer to Verify)
• Owner Financing Available
Asking Price: $45,000
Parcel ID: 116940
Legal: G-0813 McCarley Robert A-G0813, Acres 5.92
Owner financing available. Contact listing agent or owner for more information.
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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 |
|---|---|---|---|
| Sep 29, 2026 | No longer available | - | |
| No longer available | |||
| Sep 2, 2026 | Listed by DHS Realty | $45,000 | |
| Listed by DHS Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017