6075 County Road 109
About This Property
31.35 Gorgeous Acres, Awesome Views – Lots of Great Building Sites. This is the prettiest part of Erath County, 20 minutes to Stephenville and 15 Minutes to IH 20. • Electric on Site • Good to New Fencing • Ag Exempt • Sandy Loam is perfect • Tons of Post Oaks and Hardwoods • Plenty Ground Water for a New Well (Neighbors Well is 120 ft Deep at 10 Gallons Per Minute • 30 feet of Elevation • Lots of Deer, Turkey, Hogs, and the Varmints' • Wilderness Setting * Very Private and Secluded * Wind Turbines are OVER 2 Miles Away * Never Know They Were There
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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 |
|---|---|---|---|
| Jul 18, 2024 | Sold | ||
| Sold | |||
| Jul 16, 2024 | In contract | - | |
| In contract | |||
| Apr 11, 2024 | Listed by RIDGETEX REALTY | $459,500 | |
| Listed by RIDGETEX REALTY | |||
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20585444
Details provided by NTREIS and may not match the public record
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