989 Cedar Ridge Road
About This Property
Discover a nearly untouched paradise just 18 miles from Junction, Texas. This 282+ acre hunting ranch is completely fenced and features dense, mature cedar and oak coverage, sparing it from the wildfire damage affecting the surrounding area. The property offers dramatic topography with a substantial hill in the center sloping down into a large, fertile ravine, providing incredible cover and natural travel corridors for wildlife.
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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 |
|---|---|---|---|
| Aug 21, 2026 | Price Increased |
$1,750,000
↑ $200K
(12.9%) | |
| Price Increased | |||
| Jul 6, 2026 | Price Decreased |
$1,550,000
↓ $200K
(11.4%) | |
| Price Decreased | |||
| Apr 23, 2022 | Listed by JLA Realty | $1,750,000 | |
| Listed by JLA Realty | |||
Property Highlights
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017