4977 County Road 1219
About This Property
The land includes an original 3-bedroom, 1-bath farmhouse that likely needs to be tore down, a 2-bedroom, 1-bath cabin tucked behind a cluster of trees that is also in need or extreme work or tear down, and a former homesite where a manufactured home once stood. Established driveways and utilities provide multiple access points and building options. With no known restrictions, this property opens the door to endless opportunities - whether you're looking to design a multi-generational retreat, create multiple homesites, or build a private estate surrounded by nature. Located in Rio Vista, Texas, this property offers the perfect balance of country tranquility and city convenience. Enjoy peaceful living while remaining within easy driving distance to Fort Worth, the DFW metroplex, and Lake Whitney - known for its recreation, boating, and fishing.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 16, 2026 | Sold | ||
| Sold | |||
| Jan 20, 2026 | In contract | - | |
| In contract | |||
| Jan 13, 2026 | Price Decreased |
$450,000
↓ $50K
(10%) | |
| Price Decreased | |||
| Dec 10, 2025 | Price Decreased |
$499,999
↓ $49K
(8.9%) | |
| Price Decreased | |||
| Nov 23, 2025 | Price Decreased |
$549,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017