161 Private Road 5973
About This Property
Located on a quiet private road, this land is teeming with native East Texas wildlife including deer, hogs, and more. A gated entrance ensures privacy, while a stocked pond provides excellent fishing and a tranquil backdrop. The property does have a hunting cabin offering a base for outdoor adventures. With electricity already in place, you're one step closer to turning this natural haven into your personal paradise.
Whether you're an avid outdoorsman or simply seeking peace and quiet, this Elkhart acreage is a rare opportunity to own a slice of East Texas heaven.
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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 23, 2025 | Sold | ||
| Sold | |||
| Sep 12, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Price Decreased |
$165,000
↓ $10K
(5.7%) | |
| Price Decreased | |||
| Aug 16, 2025 | Relisted | $175,000 | |
| Relisted | |||
| Aug 10, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017