742 County Road 1144
About This Property
Prime Location: Situated just 10 minutes from Lake Fork, one of the world's premier trophy bass fishing lakes, this land is a dream for anglers and outdoor enthusiasts alike.
Land Features: The acreage is characterized by expansive open pastures, perfect for grazing or hay production, framed by wooded areas along each boundary for added privacy.
Water & Improvements: Two well-positioned stock ponds provide reliable water for livestock or local wildlife, complemented by a large, functional hay shed for storage.
Development Ready: With all-weather road access and utilities available, this property is an ideal candidate for a custom estate or a working ranch.
Tax Benefits: An established agricultural exemption is already in place, offering significant property tax savings for the new owner.
Note to Buyers: The seller will retain all mineral rights. The property is subject to existing pipeline and electrical easements. Buyer will be responsible for obtaining a new survey to confirm boundaries and acreage.
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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 |
|---|---|---|---|
| Aug 18, 2026 | Sold | ||
| Sold | |||
| Jul 29, 2026 | In contract | - | |
| In contract | |||
| Feb 16, 2026 | Listed by Keller Williams Rockwall | $689,000 | |
| Listed by Keller Williams Rockwall | |||
| Dec 31, 2025 | No longer available | - | |
| No longer available | |||
| Oct 20, 2025 | Price Decreased |
$689,000
↓ $30K
(4.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017