35828 N US Highway 281
About This Property
Don't just buy land, create your future. Opportunities like this don't come around often.
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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 |
|---|---|---|---|
| Jun 1, 2026 | Price Decreased |
$1,695,000
↓ $155K
(8.4%) | |
| Price Decreased | |||
| Apr 13, 2026 | Listed by Texas Legacy Real Estate Group, LLC | $1,850,000 | |
| Listed by Texas Legacy Real Estate Group, LLC | |||
| Jun 19, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 15, 2024 | Listed by Don Bell Properties, LLC | $1,390,000 | |
| Listed by Don Bell Properties, LLC | |||
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ERATH COUNTY - Discover 72.394 acres of absolutely beautiful land in the highly sought after Lipan ISD. This unrestricted property boasts breathtaking panoramic views, perfect for building your dream home, ranch, or investment project. With essential infrastructure already in place - including a well pumping 13 gallons per minute, septic system, and electricity - you'll be ready to break ground without delay. Whether you're looking for a peaceful retreat, agricultural venture, or future development opportunity, this land offers endless potential. Don't miss your chance to own a piece of paradise in Erath County, Texas.
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| Feb 26, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017