TBD TX 75
About This Property
Just outside of Fairfield, Texas, sits 8+/- acres of unrestricted land with State Highway road frontage. This property has attributes that make a variety of uses possible. Come and build your next home site or purchase as a strategic investment for future application – the blank canvas is yours. This property is priced to SELL!
Property earns an average of $2,500 annually with mineral rights convey.
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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 21, 2024 | Sold | ||
| Sold | |||
| Oct 18, 2024 | In contract | - | |
| In contract | |||
| Sep 11, 2024 | Price Decreased |
$90,041
↓ $5K
(5.3%) | |
| Price Decreased | |||
| Jul 3, 2024 | Listed by HomeLand Properties, Inc | $95,063 | |
| Listed by HomeLand Properties, Inc | |||
Property Highlights
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Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
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Last Updated: 3 years ago
Data Source: HAR , MLS# 305018
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