16665 State Highway 206
About This Property
The acreage offers a wonderful blend of wooded areas and open pasture. Mature trees provide privacy and shade, while the open pasture offers usable land for a variety of purposes. Whether you are looking for a full-time residence, weekend getaway, hunting retreat, or small hobby ranch, this property has endless potential.
Located in Callahan County, a 2 buck county with no antler restrictions, this property is ideal for hunting enthusiasts and outdoor lovers alike. Wildlife is abundant throughout the area, adding to the appeal of this rural escape.
Enjoy the convenience of highway frontage with easy access to both Cross Plains and Cisco while still experiencing the quiet beauty of country living. Additional acreage is also available, providing an opportunity to expand and create the ranch or recreational property you have been dreaming of.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017