5848 County Road 302
About This Property
This 3 Bedroom home with 2 baths on 5.3 acres has lots of room for expansion is located in the Grandview School District.
Large open front yard, with several outbuildings and storage on back acreage.
Water taps behind home running to back of property every 80 ft. Perfect for animals, chickens, or large garden. Fenced and cross fenced.
Property is located between Cleburne and Covington approximately 15 minutes to Hillsboro or Lake Whitney and 1hr 15 min to DFW Airport.
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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 |
|---|---|---|---|
| Sep 10, 2025 | Sold | ||
| Sold | |||
| Aug 10, 2025 | In contract | - | |
| In contract | |||
| Jul 14, 2025 | Listed by Cowtown Real Estate | $299,900 | |
| Listed by Cowtown Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017