65 CR 406
About This Property
This fully fenced ranch features a diverse landscape of native grasses, along with mature cedar, mesquite, and oak trees that provide excellent wildlife habitat and scenic cover. The property includes a productive field currently used for hay, with potential to plant sunflowers for dove hunting or other agricultural uses. A dirt tank and wet weather draw enhance the land's natural appeal.
Improvements are already in place for immediate use, including electric, a water well with pump, well house, and storage tank. There are multiple RV hookups with septic, a covered RV porch area with washer and dryer setup, and a carport with attached storage building that has electricity. Additional structures include an equipment shed, as well as livestock pens and shelters suitable for goats or other animals.
Whether you are looking for a homesite, recreational getaway, working property, or hunting retreat, this 69+ acre tract offers versatility and is well-equipped to enjoy from day one.
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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 |
|---|---|---|---|
| Mar 17, 2026 | Listed by Cross H Realty | $589,172 | |
| Listed by Cross H Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017