Meticulously maintained acreage retreat with a true Texas Hill
Country feel, gorgeous views in every direction, and 36.42 acres
just outside Stephenville. Currently ag exempt per seller, this
4-bed, 2-bath all-electric home offers a blend of comfort,
recreation, and functional country living, with convenient
proximity to Tarleton State University and an easy drive to the
Dallas-Fort Worth area. Inside, you'll find hardwood and travertine
floors, a wood-burning fireplace with leathered Italian marble
hearth, and excellent storage with walk-in closets in every
bedroom, two pantries, and ample closet space throughout. The
remodeled kitchen features granite countertops, travertine
backsplash, stainless steel appliances, double convection ovens,
JennAir downdraft cooktop, refrigerator, dishwasher, and laundry
sink. Both baths include double sinks; the primary bath offers a
walk-in shower, while the hall bath has a tub-shower combo. Outdoor
living is exceptional with an in-ground pool, waterfall feature,
hot tub, patio areas, covered BBQ area, and poolside pavilion with
electric for TV. The propane heater serves the pool and hot tub,
making the space ideal for relaxing or entertaining. The land is a
standout, with fenced pasture, pipe-fenced yard, outstanding
landscaping, peaceful privacy, frequent deer sightings, a seasonal
creek, and a fish-stocked tank that holds water year-round.
Beautiful red oaks add to the setting and create gorgeous fall
color. A livestock-ready barn includes an enclosed drive-through
concrete area and hay storage, adding versatility for animals,
equipment, hobbies, or projects. Additional highlights include a
9-zone yard sprinkler system, water softener, Class 4
impact-resistant roof, remodeled kitchen and baths, Lennox 16-SEER
4-ton HVAC components, 2025 electrical panel and breakers, and 2025
interior paint. From quiet mornings by the water to evenings by the
pool, this polished country property is ready to enjoy.
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.
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