419 US Highway 175 W
About This Property
The property features two residences, making it ideal for extended family, rental income, or a primary residence with a guest home. The original home offers approximately 1,750 square feet with a comfortable 3-bedroom, 2.5-bath floor plan. Complementing it is a newer, custom-built barndominium totaling approximately 3,300 square feet, with around 2,350 square feet of beautifully finished living space. This thoughtfully designed home features high-end finishes, an open-concept layout, 4 bedrooms, 3 bathrooms, and a large covered back porch perfect for enjoying the surrounding countryside.
Designed with agricultural functionality in mind, the acreage is cross-fenced and well-equipped for livestock. Multiple stock tanks, along with additional concrete water troughs featuring auto-level systems, provide reliable, year-round water sources. The land is well-suited for cattle, horses, or a hobby farm operation.
Additional improvements include a large enclosed shop, ideal for equipment, tools, and general storage needs. The layout of the property, combined with its highway frontage, offers the unique advantage of being able to separate the residential improvements from the remaining acreage-creating opportunities for multiple uses, whether agricultural, recreational, or potential future development.
This is a rare chance to own a well-improved, highly usable tract in a desirable location with easy access to Dallas and surrounding communities. Call today to setup your own private showing.
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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 |
|---|---|---|---|
| Jul 25, 2026 | Price Decreased |
$1,498,000
↓ $42K
(2.7%) | |
| Price Decreased | |||
| Apr 14, 2026 | Listed by Whitetail Properties Real Estate | $1,539,500 | |
| Listed by Whitetail Properties Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017