16140 County Road 4009
About This Property
trees, productive coastal pasture, a stocked pond, and an agricultural exemption currently utilized for hay production.
This well-maintained farmhouse offers 4 bedrooms, 2.5 baths, two spacious living areas, a large kitchen, updated
bathrooms, and new flooring throughout much of the home. Enjoy year-round views of the property from the 371-
square-foot sunroom, which is centrally heated and cooled for added comfort. Multiple flex spaces provide endless
opportunities for a home office, gym, craft room, playroom, homeschool area, or additional guest accommodations.
Outside, the possibilities continue with a 24x36 shop featuring two bay doors, ample storage, and plenty of room for
equipment, hobbies, or projects. The stocked pond adds to the property's appeal, offering a peaceful setting for fishing,
wildlife watching, or simply enjoying the beauty of the outdoors. The fenced acreage is ideal for livestock, recreation,
hay production, or creating your own private retreat. Conveniently located with easy access to both Dallas and Tyler,
this property combines the serenity of country living with the convenience of nearby amenities. Whether you're
dreaming of a hobby farm, ranch, family homestead, or weekend getaway, this exceptional property offers endless
potential. Buyer and buyer's agent to verify all information, including acreage, square footage, schools, and
restrictions. Buyer will be responsible for obtaining a new survey.
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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 |
|---|---|---|---|
| Oct 2, 2026 | Price Decreased |
$759,000
↓ $18K
(2.3%) | |
| Price Decreased | |||
| Aug 2, 2026 | Price Decreased |
$777,000
↓ $23K
(2.9%) | |
| Price Decreased | |||
| Jun 16, 2026 | Listed by KW-Cedar Creek Lake Properties | $799,999 | |
| Listed by KW-Cedar Creek Lake Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017