802 County Road 4520
About This Property
Country Living at its finest. 5 acres in beautiful Rains County with a ranch style home straight out of a Home and Garden magazine. The 3 bedroom 3 bath Home has a wraparound porch perfect for sitting and watching the sun set or watch the horses roam on the neighboring horse ranch. The home is surrounded by luscious flower beds already blooming in this Texas Weather and trees to shade the home and lawn. The area is extremely quiet and calm with pure privacy. The 5 acres has a small pond on the property right now that could be extended to a larger stock pond if preferred. Property has a 2 car garage that is 600 square feet, plus plenty of other parking next to the home. The home sight is fenced and ready to go. Property has a barn in the back pasture. Escape the packed city and bring the family to this peaceful Ranch style home.
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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 |
|---|---|---|---|
| Sep 19, 2022 | Sold | ||
| Sold | |||
| Apr 29, 2022 | Listed by Berkshire HathawayHS Pondera | $499,000 | |
| Listed by Berkshire HathawayHS Pondera | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017