250 County Road 427
About This Property
The land offers several excellent, level building sites, making it easy to bring your vision to life. A healthy stand of native grasses provides great potential for grazing livestock, while the property's mix of mesquite trees-including several large, mature specimens-adds character and shade.
For outdoor enthusiasts, this property is a haven for wildlife, with deer and turkey frequently seen roaming the land, making it ideal for hunting or simply enjoying nature.
Conveniently located just a short drive from Brownwood, you'll have quick access to shopping, dining, and medical facilities. Plus, Lake Brownwood is nearby, offering endless opportunities for fishing, boating, and water recreation.
Whether you're looking to build, run livestock, or enjoy a private retreat, this property offers endless possibilities in a prime location.
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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 |
|---|---|---|---|
| May 26, 2026 | Sold | ||
| Sold | |||
| May 14, 2026 | In contract | - | |
| In contract | |||
| Apr 11, 2026 | Listed by UCRE - Tx Home and Ranches RE | $199,000 | |
| Listed by UCRE - Tx Home and Ranches RE | |||
| Apr 3, 2026 | No longer available | - | |
| No longer available | |||
| Aug 7, 2025 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017