165 Private Road 6047
About This Property
The primary residence is a spacious 3-bedroom, 2-bath manufactured home with approximately 1,250 square feet, featuring an open-concept floor plan, generous porch, dedicated carport, and private driveway. The second residence is a 2-bedroom, 1-bath home with loft and approximately 600 square feet, complete with its own driveway, carport, and porch. A third 1-bedroom, 1-bath tiny home provides additional rental flexibility.
All three homes were built in 2022 or newer and are separately situated with individual driveways, providing excellent privacy and flexibility for tenants or future occupants.
All three homes are currently tenant occupied and leased long-term, providing immediate rental income. The property also offers attractive short-term rental potential, with Canton's famous First Monday Trade Days bringing visitors to the area every month and creating recurring demand for accommodations.
A creek runs along the rear of the property, adding to the peaceful setting surrounded by mature trees. With approximately 1.86 usable acres, three residences, separate access, and no HOA, opportunities like this are difficult to find.
Conveniently located near I-20 and approximately 35–45 minutes from the Dallas area, the property offers a secluded country feel with easy access to major highways and surrounding communities.
**Three homes. 1.86 acres. Existing rental income. Newer construction. No HOA. Creek. Separate driveways. Short-term rental potential.** Whether you're looking for a turnkey rental investment, multigenerational property, or multiple income-producing options, this is a rare opportunity in the Wills Point area.
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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 |
|---|---|---|---|
| Oct 3, 2026 | Price Decreased |
$449,900
↓ $20K
(4.3%) | |
| Price Decreased | |||
| Sep 1, 2026 | Listed by Norvell & Co LLC | $470,000 | |
| Listed by Norvell & Co LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017