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$1,675,000

NAL Estimated Property Value

0 FM 503, Melvin, TX, 76858

Off MarketInfo

About this property

Beautiful Salt Gap Ranch is located in Concho and McCulloch County on FM 503. This is an exceptional low fenced hunting and recreational ranch with Brady Mountain views, a nice 4 bedroom home, a roomy guest house, a sizable enclosed barn and a covered equipment shed. Constructed with exceptional taste, the main home has a vaulted wood ceiling, spacious living room, a sizable kitchen, and an upstairs loft. The guest house, referred to as Casa Verde, is a cozy 2B/2B house equipped with central heat and air, a small kitchen, full bath and two bedrooms each outfitted with bunk beds.

Investor Tools

Property Icon
$1,675,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,675,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,050 /month
Positive
Cash Flow Estimate:
$3,350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Melvin

0 FM 503 | Property Details | No Agent List