540 County Road 236a
About This Property
The land itself is a blank canvas with serious bones. Plant a garden that feeds your family, set up a chicken coop, build a fire pit under the trees, or carve out riding trails through the timber. The cleared areas give you room to work and play while the tree line keeps the world at a comfortable distance.
Step outside on a clear night and count stars you forgot existed. Watch a Texas sunset light up the sky in colors no filter can touch. This land lives as big as the state it sits in.
The home is a well-kept 3-bedroom, 2-bath Clayton manufactured home with just over 1,300 sq ft of living space, including a versatile flex room that works perfectly as a home office, second living area, or playroom. A private water well with its own well house keeps you off city systems, and a storage shed handles all the tools and equipment that come with land this size. Functional, comfortable, and move-in ready while you build your long-term plans. Kids attend Milano ISD, a tight-knit community where Friday Night Lights is all the nightlife you need and FFA isn't just an elective, it's a way of life. Conveniently located near Temple, Waco, Austin, and Bryan/College Station, rural peace without being off the map.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jun 24, 2026 | In contract | - | |
| In contract | |||
| May 15, 2026 | Listed by Magnolia Realty Round Rock | $335,000 | |
| Listed by Magnolia Realty Round Rock | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017