868 County Road 405
About This Property
offers an opportunity to create your dream homestead, hunting retreat, or investment property. Property is being sold AS-IS.
Seller will make no repairs. The home is currently occupied and livable, but the owner was unable to complete the project
after running out of funds. The next owner can add their own finishing touches and build instant sweat equity. Much of the
expensive groundwork has already been completed, including a cleared homesite, established road access, electricity, water,
septic system, pad work, and conduit installed for a future well water conversion. These improvements can save a buyer
significant time and expense. Enjoy breathtaking sunsets, abundant wildlife, and plenty of room for livestock, recreation,
gardening, or simply relaxing in the peaceful Texas countryside. If you've been looking for acreage with valuable
improvements already in place and unlimited potential, this property is ready for your vision.
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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 |
|---|---|---|---|
| Oct 15, 2026 | Sold | ||
| Sold | |||
| Sep 21, 2026 | In contract | - | |
| In contract | |||
| Jun 30, 2026 | Price Increased |
$299,990
↑ $70K
(30.5%) | |
| Price Increased | |||
| Jun 12, 2026 | Listed by All City Real Estate Ltd. Co | $229,900 | |
| Listed by All City Real Estate Ltd. Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017