40
Map
2145 County Road 320
About This Property
The ranch features a balanced mix of productive bottomland, rolling terrain, and elevated areas with wide views, with approximately 65 feet of elevation change across the property. Big Elm Creek runs through the south end for about 2,000 feet, with both sides of the creek controlled, adding character, habitat, and seasonal water. The land is primarily mesquite with native brush, complemented by scattered live oaks and cedar elms along the creek, along with multiple open fields that offer flexibility for grazing, hay production, or food plots. Water is well distributed across the property, with three stock ponds, Big Elm Creek, and two water wells, plus rural water servicing the home through Millersview-Doole Water Supply. Wildlife in the area consists of whitetail deer, turkey, hogs, dove, ducks, and other native species. Improvements are already in place to support both ranching and recreation. The remodeled farmhouse provides a comfortable base, while a nearby barn and additional outbuilding offer space for storage, equipment, or even a small office setup. Quality steel working pens are located close to the house and are ready for livestock use. The ranch is fenced with approximately 3.5 miles of low perimeter fencing and includes cross fencing for rotational grazing. Access is convenient with approximately 1,100 feet of frontage on FM 765 and 2,600 feet on CR 320, while still maintaining a private, quiet setting just 1.5 miles off HWY 283. This property represents a great opportunity to own land in Texas!
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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 |
|---|---|---|---|
| Jun 28, 2026 | In contract | - | |
| In contract | |||
| Mar 20, 2026 | Listed by Ranchland Real Estate | $836,200 | |
| Listed by Ranchland Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017