450 County Road 4984
About This Property
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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 |
|---|---|---|---|
| May 9, 2025 | Sold | ||
| Sold | |||
| Oct 31, 2024 | Listed by CLARK REAL ESTATE GROUP | $299,500 | |
| Listed by CLARK REAL ESTATE GROUP | |||
| Jul 21, 2023 | Sold | ||
| Sold | |||
| May 2, 2023 | Listed by CLARK REAL ESTATE GROUP | $2,905,400 | |
| Listed by CLARK REAL ESTATE GROUP | |||
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Here is the one you have all been waiting for!! Approximately 292 acres located in what many consider the very best cattle raising and hay growing areas we have!! Throughout the property is improved grass and the fantastic soil that makes Desdemona famous! The property is located in both Erath and Comanche Counties! There are 7 water wells on the property, according to the owners 6 of the wells produce approximately 100 GPM, the well by the gate is approximately 60 GPM. Several of the wells pump directly into the wheel roll irrigation system. There are two Pecan Orchards on the property, a 12 acre Papershell orchard and a smaller Native Pecan orchard which occasionally bring in extra income. The property has access from CR4984 and Cr362. This is one of the very best and most productive properties you could ever hope for! Properties in the Desdemona area very rarely hit the market. So don't delay and come take a look!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017