6175 County Road 207
About This Property
Location: Situated conveniently close to Lampasas, yet surrounded by vast ranches ensuring privacy and tranquility.
Land: The property features a variety of native trees including Juniper, Mesquite, and Cedar, enhancing its natural appeal.
Infrastructure: Fully fenced with brand new fencing on the left side, ensuring security and ease of maintenance.
Building Potential: Several flat areas ideal for constructing your dream home, providing flexibility and panoramic views.
Water Features: An excellent opportunity to establish a personal pond in the front area with a good wash, adding to the charm of the property.
RV Living: For those planning to reside on-site during construction, there's a 50 amp RV electrical hookup at the back of the property.
Water Supply: Nearby properties boast a 120 ft deep well and a water reservoir, ensuring ample water sources in the area.
Accessibility: Only 9.2 miles from Lampasas HEB, making it convenient to access essential amenities while enjoying a peaceful rural lifestyle.
This property offers a rare blend of unrestricted acreage, natural beauty, and practical amenities, making it an ideal canvas for building your ideal home or weekend retreat. Whether you're looking to escape the city or create a self-sustaining rural oasis, this property in Lampasas promises both opportunity and serenity.
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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 |
|---|---|---|---|
| Jul 4, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Listed by eXp Realty, LLC | $180,000 | |
| Listed by eXp Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017