217 Mathis Road
About This Property
Step outside to a beautiful patio, perfect for relaxing and entertaining. Thoughtful landscaping, a water well, attractive iron fencing, and a nice lake view enhance the property's appeal.
For those needing plenty of room for equipment, hobbies, or storage, this property truly delivers with a 50x25 metal equipment shed and a 30x40 metal shop!
Conveniently located approximately 15 miles from Stephenville and just minutes from Proctor Lake, with easy access to Sowell Creek Park for fishing, boating, and outdoor recreation. Enjoy the beauty of lake views without being directly on the waterfront.
Meticulously cared for, beautifully improved, and ideally located, this property offers a wonderful opportunity to enjoy the best of country living!
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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 |
|---|---|---|---|
| Oct 30, 2026 | Sold | ||
| Sold | |||
| Oct 14, 2026 | In contract | - | |
| In contract | |||
| Oct 12, 2026 | Listed by Keller Williams Brazos West | $399,000 | |
| Listed by Keller Williams Brazos West | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017