$125,000
●
Mobile Manufactured -
Off Market
561 Vz County Road 3918
Wills Point, TX 75169
3 Beds
0 Bath
1,178 Ft²
$155,087
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model
About This Property
Maybe this is the needle in the haystack you have been searching
for - many possibilities with this property! 2.5 +-acres
situated in Van Zandt County just 2 miles from I-20. This
3bed, 2bath, 1,178 sq ft home would make the perfect rental
property or with a little TLC this could be a great starter home or
a place to downsize. With a little work the covered pavilion
in the back is set up to house RV and even includes an RV dump as
well. You can also transform the covered pavilion into a barn
or shop. As an added bonus a smaller metal barn with fenced
in area would be ideal for goats or chickens. Front yard
offers circular driveway nestled under a mature shade tree,
landscaping, & beautiful white crape myrtle. Roof was
recently done to include new decking & shingles. Back part of
land is fenced in. No known restrictions - bring your
animals, RV, keep or haul off existing mobile & bring in a newer
model, or even build your dream home-you decide! Wills Point
ISD.
Unit Size
1,178 Ft²
Days on Market
-
Land Size
2.52 acres
Price per sqft
$127
Property Type
Mobile Manufactured
Property Taxes
-
HOA Dues
-
Year Built
1999
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (NTREIS #20087932)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 28, 2023 | Sold | ||
| Sold | |||
| Nov 18, 2023 | Listed by Ultima Real Estate | $199,000 | |
| Listed by Ultima Real Estate | |||
| | |||
|
This property features 2.521 acres and a cozy Single-Wide mobile home. The home features new paint and an open floor plan with upgrades. The backyard has a pavilion with many possibilities (RV parking or patio). The barn needs some TLC ready for chickens, horses, or cows.
The location is excellent, minutes from I-20.
| |||
| Jul 21, 2023 | Sold | ||
| Sold | |||
| Apr 12, 2023 | Listed by Fathom Realty LLC | $179,000 | |
| Listed by Fathom Realty LLC | |||
| | |||
|
This 2.521 acres with a Single Wide Mobile Home has been upgraded on the exterior and interior. on the exterior it has been repainted and a new roof. Interior features included new laminate flooring, all new painted walls and new refrigerator and electric range. The pavilion in the back needs some TLC and has a place to park an RV with a dump septic system. The barn is ready and with the back part of the acreage is fence it can be completely fenced in for any type farm animals. This property is ready for that new starter home with many many possibilities for the remaining acreage.
| |||
| Aug 17, 2022 | Sold | ||
| Sold | |||
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Van Zandt
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Listed by: Codie Parker, RE/MAX Landmark Rose
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20087932
Details provided by NTREIS and may not match the public record
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20087932
Details provided by NTREIS and may not match the public record
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