960 VZ CR 2705
About This Property
The varied terrain, with its gentle elevation changes, provides multiple opportunities for master-planned communities, company hunting getaways, luxury estates, or mixed-use developments, with potential home sites offering scenic views of the surrounding countryside. The property's open fields are well-suited for agricultural or recreational components, while the wooded areas and water features enhance its appeal for eco-friendly or leisure-focused projects. Its proximity to Mabank positions it within a region experiencing steady growth, with convenient access to US-175 facilitating connectivity to Dallas and the recreational amenities of Cedar Creek Lake, a popular destination for boating and fishing.
This parcel is ideally suited for developers seeking to capitalize on the increasing demand for rural yet accessible properties in East Texas. The substantial acreage allows for flexible zoning possibilities, whether for residential subdivisions, commercial ventures, or a private retreat, all within an hour of Downtown Dallas. Infrastructure considerations, including water, electric, and septic options, should be verified to align with development plans.
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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 |
|---|---|---|---|
| Jun 17, 2026 | Price Decreased |
$9,600,000
↓ $352K
(3.5%) | |
| Price Decreased | |||
| May 7, 2026 | Listed by Trinity Country Real Estate | $9,952,000 | |
| Listed by Trinity Country Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017