202 County Road 312
About This Property
Improvements include a 6,600+ sq. ft. shop with concrete floors, providing abundant space for equipment, storage, livestock projects, or a business operation. A 3-bedroom, 2-bath mobile home offers immediate living accommodations or rental income potential.
Approximately 42 acres are in cultivation, with the balance in pasture, creating opportunities for farming, grazing, and recreational use. The property is home to abundant wildlife and offers several attractive building sites for future home construction.
Additional features include rural water service and ag-exempt taxes. With productive land, extensive highway frontage, and multiple potential uses, this property is well-suited for agricultural, residential, recreational, or investment purposes.
Don't miss this opportunity to own a productive and versatile piece of Texas.
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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 |
|---|---|---|---|
| Jul 24, 2026 | Price Decreased |
$395,000
↓ $15K
(3.7%) | |
| Price Decreased | |||
| Jun 3, 2026 | Listed by TX Home-Land Realty | $410,000 | |
| Listed by TX Home-Land Realty | |||
| Jun 13, 2025 | Sold | ||
| Sold | |||
| Oct 22, 2024 | Listed by KW SYNERGY* | $349,900 | |
| Listed by KW SYNERGY* | |||
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56 acres prime farm land with 46 acres in cultivation that was used for wheat production last year after sitting raw for the past 15! The property has a nice mobile home and shop-barn space that measures to approx 155x50 for a total of 7750 sqft of space! Live in the mobile home while you build your dream home, this property has many possibilities!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017