SH 243
About This Property
multiple potential uses including recreation, residence, timber, cattle and more...
Excellent habitat with plentiful hardwood timber, water tanks, open areas with intermittent large oaks, creek, and more...
Plentiful wildlife including whitetail deer, hogs, small game, birds, furbearers, and more...
convenient access to the property with frontage on a paved state highway
utilities at the front of the property could be tapped into for building purposes
An hour from Dallas, less than 30 minutes from Terrell, 20 minutes to Kaufman, and 10 minutes from Canton
Boundaries in yellow to be verified by existing survey
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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 |
|---|---|---|---|
| Mar 4, 2025 | Sold | ||
| Sold | |||
| Feb 4, 2025 | In contract | - | |
| In contract | |||
| Nov 27, 2024 | Listed by Whitetail Properties Real Estate | $1,179,600 | |
| Listed by Whitetail Properties Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017