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Map
515 County Road 423 RD #LOT27
About This Property
Access is excellent, with all paved roads leading to the property-no dirt or gravel roads required, a major benefit for country living. Enjoy a wide all weather surface circular driveway, dedicated parking area, and a large scenic pond with turtles and fish that adds natural beauty and functionality.
Doublewide mobile homes, barndominiums, site-built homes, tiny homes, and park-model RVs (if skirted) are all allowed. Located just minutes from Taylor and within Thrall ISD, the property offers peaceful country living with the convenience of town access.
Flexible financing options: Cash, conventional, or seller financing available with full-price offers (12% interest, 30-year term, fully amortized with property taxes escrowed).
An exceptional turnkey acreage with full utilities, paved access, and unmatched flexibility - ready for move-in today!
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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 |
|---|---|---|---|
| Nov 23, 2025 | In contract | - | |
| In contract | |||
| Oct 27, 2025 | Listed by TX Brokers | $225,000 | |
| Listed by TX Brokers | |||
| Aug 16, 2022 | No longer available | - | |
| No longer available | |||
| Aug 9, 2022 | Price Decreased |
$198,900
↓ $1K
(0.5%) | |
| Price Decreased | |||
| Jul 28, 2022 | Listed by TX Brokers | $199,900 | |
| Listed by TX Brokers | |||
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At 2.549 hilltop acres with 180 feet of road frontage, this country living lot could be yours. Powerlines are along the road and the seller has upgraded the municipal waterlines and has installed a meter as well. Light restrictions are in place to protect your investment (sorry, no single wides). Seller financing now available with only 10% down! More lots available.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017