8540 County Road 500
About This Property
Welcome to 8540 County Road 500, a rare 12+ acres AG exempt estate located just off FM 545 in the heart of fast-growing, Collin County, TX. Nestled in scenic Blue Ridge Texas, this fully fenced and cross-fenced property offers the best of both worlds-tranquil country living with easy access to the conveniences of the city.
Designed with ranch living in mind, the land features a horse barn, a chicken coop, a storage building, and a serene pond-perfect for livestock, outdoor recreation, or simply soaking in the peaceful views. The home is thoughtfully set back from the road, offering exceptional privacy thanks to mature trees and a peaceful sitting area in front.
Step inside the charming 3-bedroom, 2.5-bath home and experience warmth and space. With hardwood in entire home, the main level boasts a cozy living room with a wood-burning fireplace (plumbed for gas), a formal dining room, and a kitchen with picture-perfect views of the pasture. Upstairs, a spacious bonus area offers flexibility for a game room, home office, or an additional bedroom-complete with extra storage. Enjoy your mornings on the covered back porch or host unforgettable gatherings on the extended 16' x 41' concrete pad-ideal for outdoor entertaining.
Whether you're seeking a serene country lifestyle, a working ranch, or a land investment in one of North Texas' fastest-growing areas, this property delivers on all fronts.
Don't miss this unique blend of rural charm and long-term upside-schedule your private tour today!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017