167 Elmwood Road
About This Property
Its location puts you close to everything that makes the Lake Whitney area special. The lake's clear, blue water is only a short drive away, along with parks, boat ramps, fishing spots, and camping areas that offer endless outdoor recreation. Two championship golf courses sit about fifteen minutes from the property, giving golfers easy access to top-tier play. With just an hour to Waco and an hour to the DFW Metroplex, weekend trips, commuting, and family visits stay simple and convenient.
What sets this property apart is that the essentials are already in place. An electric meter, water meter, and septic system are installed, saving time, money, and hassle as you move forward with your plans. Whether you're dreaming of a peaceful getaway, a full-time residence, or a flexible investment property, this land delivers the location, readiness, and natural beauty to bring that vision to life.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| May 27, 2026 | Sold | ||
| Sold | |||
| May 6, 2026 | In contract | - | |
| In contract | |||
| Apr 23, 2026 | Listed by Weichert, Realtors - The Eastland Group | $29,000 | |
| Listed by Weichert, Realtors - The Eastland Group | |||
| Aug 27, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 10, 2025 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017