431 Hcr 2133
About This Property
The property includes a detached two-car garage and a massive 75x100 shop built for serious use. Roughly a thousand square feet of the shop has already been converted into a gathering space designed for large family events. Plumbing and electrical are in place, and it's ready for water and septic connections whenever you choose to finish it out. A large overhead door and an oversized rear awning create ideal space for RVs, equipment, or additional workspace.
The acreage is fenced and set up for livestock, complete with a stock tank and beautiful views overlooking Corps of Engineer land. The home has been fully updated, including new carpet in the bedrooms. Multiple boat ramps are close by for easy access to Lake Whitney's recreation. You're about an hour from DFW, forty-five minutes from Waco, and just down the road from two championship golf courses at White Bluff. Whether you want to raise horses, run cattle, or simply enjoy wide-open space near the lake, this property is priced to sell and ready for its next owner.
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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 |
|---|---|---|---|
| Oct 6, 2026 | Price Decreased |
$625,000
↓ $70K
(10.1%) | |
| Price Decreased | |||
| Aug 10, 2026 | Listed by Weichert, Realtors - The Eastland Group | $695,000 | |
| Listed by Weichert, Realtors - The Eastland Group | |||
| May 21, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 7, 2024 | Listed by Sauer & Associates, Inc. | $599,000 | |
| Listed by Sauer & Associates, Inc. | |||
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Your ideal ranchette awaits very close to Lake Whitney! Discover this classic custom home on 11 scenic acres just outside the city limits. This property features 3 Bedrooms, 2 bathrooms, plus an additional mudroom bathroom. Open-concept kitchen with an island, that flows into the living area. Dining room is located adjacent to the kitchen. Rustic living room is accented with wood shiplap walls. Parlor is just off the living room. Screened-In porch is perfect for enjoying the countryside. Additional highlights are a detached 2-car garage, large 75x100 shop with approximately 1,000 sq ft already converted into a living area for large family gatherings. Plumbing and electrical are already installed, with water and septic connections needed on large shop. Fenced acreage is ideal for livestock, featuring a stock tank. This ranchette offers the perfect blend of rustic charm and modern amenities. Don’t miss your chance to make it yours!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017