380 PR 297
About This Property
At the heart of the property lies a stunning 20 acre stocked lake, teeming with trophy largemouth bass and giant catfish, a true angler's dream. For waterfowl enthusiasts, the established duck blind provides excellent duck hunting opportunities throughout the season.
The ranch is anchored by a 2,640 sqft lodge offering all the comforts of home including a full kitchen, bathroom, spacious sleeping quarters, and breathtaking views of the water. Whether you're enjoying morning coffee or watching the sun set over the lake, this lodge is designed for both relaxation and entertaining.
Additional features include a private dock, equipment fishing house, and gently rolling terrain with mature trees. Wildlife is abundant with whitetail deer and turkey throughout the property, making it a true year-round hunting destination.
Located just 1.5 hours from the DFW Metroplex, this property combines convenience with seclusion making it an ideal weekend retreat, family compound, or legacy ranch.
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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 29, 2026 | Price Decreased |
$2,050,000
↓ $94K
(4.4%) | |
| Price Decreased | |||
| Feb 27, 2026 | Price Decreased |
$2,144,000
↓ $113K
(5%) | |
| Price Decreased | |||
| Dec 4, 2025 | Price Decreased |
$2,257,000
↓ $118K
(5%) | |
| Price Decreased | |||
| Sep 3, 2025 | Price Decreased |
$2,375,000
↓ $124K
(5%) | |
| Price Decreased | |||
| Jun 20, 2025 | Listed by Keller Williams Realty | $2,499,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017