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$925,000

0 Hwy 155 & CR 435, Frankston, TX, 75763

On MarketInfo

About this property

73.9 acres just south of Frankston along HWY 155 and CR 435. Close to 2,000 feet of frontage along HWY 155. This property is essentially a rectangle (see survey attached) and has gated access from both HWY 155 and CR 435. Electricity is on property but is not currently used. A water meter is already in place along HWY 155. Beautiful flat property with 3 ponds (the one on the southwestern side is spring fed) and a portion of the property on the north side is graced with majestic pecan trees. The land is fully fenced and includes an additional interior gate, along with a corral suitable for cattle, making it ideal for agricultural use, a homesite or future development. Imagine the possibilities of what could be done with this amazing parcel.

Investor Tools

$0Estimated Mortgage Balance
$925,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,550 /month
Positive
Cash Flow Estimate:
$1,850 /month

Interested in this property?

Jana Dillard

Staples Sotheby's International Realty

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Financing Details

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

City: Frankston