18
Map
2866 County Road 425
About This Property
Fantastic opportunity to own a prime 10.37-acre, unrestricted tract with excellent flexibility for residential, agricultural, or investment use. The land is level to gently sloping with great drainage, and the survey shows the property is not in a floodplain. The tract is a clean, rectangular shape (no flag lot) and is currently farmed for corn to help maintain the Ag exemption. A Southwest Milam Water meter is installed, the driveway entrance is in place, and Oncor Electric is available (per provider-free installation up to 300 feet; buyer to verify). Owner financing available-a rare chance to secure acreage with flexible terms (seller may assess a one-time premium for owner-financed terms). Enjoy peaceful country surroundings, wide-open views, and room to build your dream home, family compound, hobby farm, or investment project.
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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 |
|---|---|---|---|
| Feb 24, 2026 | In contract | - | |
| In contract | |||
| Feb 4, 2026 | Listed by All City Real Estate Ltd. Co | $285,000 | |
| Listed by All City Real Estate Ltd. Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017