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Map
TBD Fm 355
About This Property
Location: Situated along FM 355 providing multiple access points.
Topography: Rolling hills with elevations changes up to 100ft, featuring a mix of planted + natural pine and hardwood forests, live and seasonal creeks.
Recreational Opportunities: Excellent high fence candidate. Abundant wildlife including whitetail deer, turkey, hogs, ducks, and dove; suitable for hunting, hiking, and ATV trails.
Land Use Potential: Ideal for timber investment, ranching, residential development, or recreational use.
Soil Composition: Varied soils including sandy loam and clay loam, supporting diverse vegetation.
This property represents a rare opportunity to own a substantial tract of land in a sought-after region of Texas, offering both natural beauty and investment potential.
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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 27, 2025 | Sold | ||
| Sold | |||
| Oct 25, 2025 | Price Decreased |
$3,510,579
↓ $5M
(60.6%) | |
| Price Decreased | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| May 27, 2025 | Listed by HomeLand Properties, Inc | $8,910,000 | |
| Listed by HomeLand Properties, Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017