542 County Road 505
About This Property
The 2,228-square-foot home offers 4 spacious bedrooms and 2 well-appointed bathrooms, with an inviting floor plan designed for everyday living and effortless entertaining. Natural light fills the living area, where a charming wood-burning stove creates a warm and welcoming centerpiece.
The kitchen is designed for gathering, featuring double ovens, stainless steel appliances, abundant cabinetry, generous prep space, and functional built-ins-perfect for everything from everyday meals to holiday celebrations. An oversized utility room adds versatility, while the primary suite features dual vanities, a walk-in closet, and a beautifully tiled walk-in shower. Outside, a pipe-fenced entrance and gravel driveway provide a welcoming arrival, with ample parking for RVs, horse trailers, ranch equipment, and guests. The screened porch offers the perfect place to unwind and enjoy peaceful sunsets. Designed for agricultural living, the property is Ag Exempt and includes productive tillable acreage ready for cultivation. A barn, covered horse pens, and open pasture provide a functional setup for horses, cattle, show livestock, or a variety of agricultural uses.
Combining comfortable living with the versatility of productive acreage, this property offers privacy, functionality, and room to grow. Whether you're searching for a full-time residence, a weekend escape, or an investment in the Texas countryside, this exceptional property delivers the opportunity to embrace the rural lifestyle while enjoying the comforts of home. Schedule your appointment 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 |
|---|---|---|---|
| Oct 20, 2026 | In contract | - | |
| In contract | |||
| Oct 15, 2026 | Price Decreased |
$449,900
↓ $50K
(10%) | |
| Price Decreased | |||
| Sep 18, 2026 | Price Decreased |
$499,900
↓ $45K
(8.3%) | |
| Price Decreased | |||
| Aug 7, 2026 | Price Decreased |
$545,000
↓ $20K
(3.5%) | |
| Price Decreased | |||
| Jul 23, 2026 | Listed by KW SYNERGY* | $564,900 | |
| Listed by KW SYNERGY* | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017