7307 & 7261 S Highway 281
About This Property
Discover 45 acres of South Texas country living in Encino, TX! This property consists of two adjoining tracts being sold together: 25 acres at 7307 Highway 281 (R #151865) and 20 acres at 7261 Highway 281 (R #8034). The property offers a water well and electricity already on site, making it ideal for a recreational getaway, RV setup, or future country retreat. Currently used for recreational hunting, the land offers opportunities for nilgai, deer, hog, javelina, and dove hunting. A gated entrance off Highway 281 provides convenient access, with a shared recorded easement serving the property. Enjoy the privacy and freedom of country living while still having easy access to nearby city amenities. Whether you're looking for hunting land, an RV retreat, or a place to enjoy the great outdoors, this 45-acre property offers plenty of possibilities!
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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 |
|---|---|---|---|
| Aug 23, 2026 | Listed by Double J Real Estate | $425,000 | |
| Listed by Double J Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017