312 Magnus Road
About This 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 |
|---|---|---|---|
| Dec 18, 2025 | Price Decreased |
$595,000
↓ $30K
(4.8%) | |
| Price Decreased | |||
| Mar 6, 2025 | Listed | $625,000 | |
| Listed | |||
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Welcome to 312 Magnus Road, a one-of-a-kind retreat nestled on 7.4 scenic acres in Denison, TX. This stunning home is a masterfully restored 1970s barn, thoughtfully transformed with reclaimed wood, vintage doors, and historical materials sourced from Sherman and Denison. Step inside to discover a warm, inviting space where rustic charm meets modern comfort. The warm kitchen with a professional propane range and state-of-the-art refrigerator blend seamlessly with antique cabinetry. The open-concept living area showcases repurposed architectural elements, combining history and character into every corner. The property offers serene countryside views, ample space for horses or recreational use, and unique historical touches throughout. Whether you're looking for a peaceful getaway or a forever home with a story to tell, this reclaimed barn conversion is a rare find. Schedule your showing today to experience the timeless beauty of this extraordinary property!
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| Jan 9, 2025 | No longer available | - | |
| No longer available | |||
| Jun 25, 2024 | Price Decreased |
$675,000
↓ $29K
(4.1%) | |
| Price Decreased | |||
| May 5, 2024 | Listed by EBBY HALLIDAY, REALTORS | $704,000 | |
| Listed by EBBY HALLIDAY, REALTORS | |||
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A homesteading paradise located between two of the fastest-growing cities in North Texas. This seven-and-one-half-acre dream property is within the Denison ISD boundary minutes from the center of Sherman and Denison. Leave the noise and confusion of today behind and take in the fresh air and open space. Bring your animals, plant your gardens, fish in the pond. Enjoy the lovingly crafted and meticulously maintained home that blends timeless charm with modern updates. Recent upgrades include water lines, propane addition, enhanced air conditioning and heating, and a freshly painted roof, ensuring lasting comfort and efficiency. The expansive garage offers versatile potential. Transform it into additional living space, add a bathroom, or keep it for a workshop or storage. The sellers are contributing up to $15,000 in concessions to add a second bath, make further improvements, or reduce interest rates, Seize this opportunity to make this your lifelong haven.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017