3
Map
TBD E Cowan #24
About This Property
Enjoy the freedom to build your dream home, set up a small homestead, or simply invest in land that's growing in value. With 32 total tracts available, you can choose the size and setting that best fits your lifestyle-whether you're looking for wide-open views, a little extra privacy, or room to expand.
Highlights:
• level, buildable land
• City water & sewer coming soon
• Easy access to Waco, schools, and local amenities
• Quiet country atmosphere with modern conveniences nearby
• Multiple tract sizes available to suit your needs
Experience the best of both worlds-country living at the fingertips of modern conveniences. Don't miss this opportunity to own your slice of Texas!
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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 |
|---|---|---|---|
| Aug 19, 2026 | Price Decreased |
$104,850
↓ $50
(0.1%) | |
| Price Decreased | |||
| Aug 15, 2026 | Price Decreased |
$104,900
↓ $100
(0.1%) | |
| Price Decreased | |||
| May 12, 2026 | Price Decreased |
$105,000
↓ $7K
(6.3%) | |
| Price Decreased | |||
| Nov 10, 2025 | Listed by Real Broker, LLC | $112,000 | |
| Listed by Real Broker, LLC | |||
Property Highlights
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Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
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Last Updated: 2 months ago
Data Source: NTREIS MLS, MLS# 21109332
Details provided by NTREIS and may not match the public record
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