489 CR 110 Road
About This Property
Beyond the home, this property offers incredible versatility. A 12x16 insulated and cooled office building provides the perfect space for remote work, a guest room, or extra storage. There's also a workshop for hobbies and equipment. A pond sits in front of the home, adding to the tranquil setting, while the expansive land offers plenty of room for gardening, outdoor activities, and even hunting opportunities.
This self-sufficient property comes equipped with a rainwater collection and filtration system, but a water meter is available if desired, with the seller offering a concession for installation and guaranteed 100% full water storage capacity at closing. With only $179 per year in property taxes, thanks to its AG Exemption, this land is also eligible for USDA NRCS grants for clearing, water collection, and other improvements. Despite its secluded feel, it's conveniently located just 18 minutes from Bellmead, 30 minutes from downtown Waco, and less than 15 minutes from local dining and gas stations.
Whether you're looking for a private homestead, a weekend getaway, or a place to build your dream country lifestyle, this property offers an unbeatable combination of privacy, modern comfort, and financial advantages. Don't miss this rare opportunity-schedule your private tour today!
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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 30, 2025 | Sold | ||
| Sold | |||
| Mar 20, 2025 | Listed by Bentwood Realty | $399,000 | |
| Listed by Bentwood Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017