4130 County Road 4130
About This Property
Ideally positioned just minutes from local shopping, dining, and medical facilities, this piece of land also offers a convenient commute, less than an hour to McKinney and approximately 30–40 minutes to Sherman, making it an excellent option for those seeking both accessibility and a quieter rural setting. The land features gently rolling terrain with a beautiful mix of mature trees, open pasture, and scenic countryside views. With a secure 40 foot gated access roadway and manual pedestrian gate, this location offers both privacy and flexibility for a variety of uses, including building a custom home, establishing a homestead, agricultural use, or recreational enjoyment. This land currently holds an agricultural valuation, helping support lower property taxes.
Adding to its appeal, this fantastic acreage is located near some of North Texas' most exciting growth and recreation areas, including Lake Bonham and the newly opened Bois d'Arc Lake, known for fishing and outdoor activities. The upcoming Lake Ralph Hall, expected to fill in 2026, along with nearby developments like Powder Creek Ranch, continue to drive demand and future value in the area.
Whether you're looking to build, invest, or enjoy the space and freedom of rural Texas, this property offers a versatile and well located opportunity in an area poised for continued growth. Acres 8.600 (Tract Two) & Acres 0.606 (Tract One), Abst A0892, A0892 J PENNINGTON, ACRES 8.6 & ACRES 0.606 Total of 9.206 Acres (CR 4130 Bonham). Mortgage options may be available for qualified buyers. This property is land only.
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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 |
|---|---|---|---|
| Apr 24, 2026 | Relisted | $275,000 | |
| Relisted | |||
| Apr 4, 2026 | In contract | - | |
| In contract | |||
| Apr 3, 2026 | Listed by Redfin Corporation | $275,000 | |
| Listed by Redfin Corporation | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017