3860 County Road 177
About This Property
Electricity and water are available along the road, subject to confirmation by providers. The property is outside city limits and not subject to known deed restrictions, allowing flexibility for uses consistent with Collin County regulations. The terrain is generally level, supporting options such as a country home site or long term land ownership. Partial barbed wire fencing is present along portions of the perimeter.
The tract currently carries an agricultural exemption, which may reduce property tax liability depending on use and intensity. Buyers should independently verify exemption status, requirements, and continuation eligibility with Collin County. The configuration allows for efficient planning of access points, building locations, or general land improvements, and the manageable acreage supports ease of ownership.
Weston is approximately 4 miles west, Van Alstyne about 5 miles east, Celina roughly 10 miles southwest, Anna about 8 miles southeast, and Melissa approximately 12 miles south. US Highway 75 provides access to McKinney, Sherman, and the greater Dallas-Fort Worth metro area. Buyers are encouraged to confirm utilities, development requirements, and any applicable regulations with local authorities and service providers.
Property is located within a 500 year FEMA floodplain. Buyer to confirm viability of future development.
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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.
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