625 Callihan RD
About This Property
35 minutes from ABIA and 45 minutes from downtown Austin. Electric and city water on site. Old unknown septic (not priced in but currently used for rv), most utilities are in place. Large pond with ideal terrain to increase its size. A rare variation of oaks, pecans, mesquites and brush cover approximately 60-70% of property, while still having pasture for views and grazing. Electric front gate, as well as fully fenced and cross fenced with multiple gates to rotate cattle grazing and maximize the space. Longhorn steer can convey with strong offer, making this a turnkey ag-exempt property with current taxes in the hundreds not thousands!
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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 26, 2026 | Listed by Compass RE Texas, LLC | $450,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017