TBD FM 20
About This Property
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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 |
|---|---|---|---|
| Sep 6, 2026 | In contract | - | |
| In contract | |||
| Aug 18, 2026 | Listed by Land Unlimited | $350,000 | |
| Listed by Land Unlimited | |||
| Jun 12, 2026 | In contract | - | |
| In contract | |||
| May 30, 2026 | Price Decreased |
$265,000
↓ $20K
(7%) | |
| Price Decreased | |||
| May 1, 2026 | Listed by Keller Williams Realty | $285,000 | |
| Listed by Keller Williams Realty | |||
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Escape the hustle and bustle of city life and embrace the peaceful pace of country living on this impressive 13.5-acre tract with direct frontage on FM 20 in Lockhart, TX. Covered in mature trees and fenced with a gated entry, this private retreat offers Texas skies and natural beauty — whether as a primary residence, weekend getaway, or recreational escape — all with a low tax rate and a wildlife exemption currently in place. Plus, the title commitment reflects no deed restrictions. Ideally situated just five miles from Lockhart, you'll enjoy the perfect balance of seclusion and convenience, with easy access to Austin, San Marcos, Kyle, Bastrop, and San Antonio. Lockhart itself is celebrated as the "Barbecue Capital of Texas," boasting a vibrant downtown square, local shops, and fantastic restaurants that perfectly blend small-town charm with Central Texas culture. Whether you're seeking space, privacy, and a prime Central Texas location, this is a rare opportunity you won't want to miss.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017