002 Sexton Road
About This Property
Beyond the land itself, the location offers an unbeatable blend of recreation, entertainment, and economic opportunity. You are located less than 6 miles from the premier Choctaw Casino & Resort, giving you quick access to world-class entertainment, fine dining, and excellent employment options right in your backyard. Water enthusiasts will love being less than 20 minutes away from three separate boat ramps on the stunning Lake Texoma, making weekend lake days effortless. Plus, with the booming city of McKinney, Texas, less than an hour away, it is an easy commute for work or city amenities. Don't miss out on this rare, unrestricted acreage choice-bring your horses, your blueprints, or your investment plans and make it yours today!
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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 | Listed by David Norman Land Company | $99,900 | |
| Listed by David Norman Land Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017