2641 Bode Road
About This Property
The front of the property features an attractive pipe fence with a well-built entry gate, creating strong curb appeal and secure access, while the back side of the property is enclosed with durable t-post fencing. Utilities are already in place with water connected and electricity available on-site, currently servicing a new 10x16 shed-ideal for storage or a workshop. A mailbox is installed, adding to the property's readiness for immediate development.
Deed restrictions are in place to help protect long-term value and maintain quality in the surrounding area. Restrictions include one dwelling per tract, no mobile or modular homes and no use of recreational vehicles or campers as a residence, temporarily or permanently. Minimum living area is 1,500 square feet, with each story required to be at least 1,200 square feet.
This McLennan County acreage provides an excellent opportunity for buyers seeking land for sale in West, TX, with utilities, fencing and easy access to Waco, major highways and Central Texas growth corridors. Ideal for a primary residence or future investment property.
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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 |
|---|---|---|---|
| Sep 29, 2026 | Relisted | $135,000 | |
| Relisted | |||
| Aug 21, 2026 | In contract | - | |
| In contract | |||
| Jun 2, 2026 | Relisted | $135,000 | |
| Relisted | |||
| May 13, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Listed by UCRE Heart of Texas Land & Hom | $135,000 | |
| Listed by UCRE Heart of Texas Land & Hom | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017