23980 Audra Lane
About This Property
For added peace of mind, the home includes an infrared propane heater, providing dependable backup heat source so you'll stay warm even during power outages. Rural water services the home, however, property also includes a 180-ft water well. A pump is not currently installed, giving the new owner the flexibility to equip to suit their specific needs. This existing well could be a valuable asset for agricultural, or recreational use.
Outside, you'll find everything you need for work, hobbies, and storage, including a 24x32 insulated shop complete with heat and air, a 16x24 shop, and a 12x20 storage building. The property boasts rich, productive soil that has supported a thriving garden year after year, along with three plum trees and one apple tree.
Conveniently located near schools, shopping, and everyday amenities, this property offers the perfect blend of country living and accessibility. Just 15 minutes to Poteau, Oklahoma, 30 minutes to Fort Smith, Arkansas, with direct flights available to DFW, and approximately 2 hours to Tulsa, making travel and commuting a breeze.
If you've been looking for a move-in-ready home with acreage, shops, fruit trees, garden space, and beautiful mountain views, this property is a must-see!
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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 |
|---|---|---|---|
| Sep 11, 2026 | In contract | - | |
| In contract | |||
| Jul 21, 2026 | Price Decreased |
$269,900
↓ $9K
(3.3%) | |
| Price Decreased | |||
| Jun 9, 2026 | Listed by RE/MAX Champion Land Brokers | $279,000 | |
| Listed by RE/MAX Champion Land Brokers | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017