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$350,000
NAL Estimated Property Value0 Mitchell ST, Smithville, TX, 78957
Off Market
About this property
Unique opportunity to own riverfront property! This listing includes paved road access, public water (no need for a well!), almost 300' of treed riverfront access and FOUR parcels (all must be sold together; see photos for reference on lot locations). Property has power installed. Currently has ag lease for cows and exemption (under review with BCAD) and is seeded for improved coastal grass for low taxes. FYI: varying flood areas exist on all lots; buyer to verify all flood designations.
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$350,000
Estimated Property Value
$0Estimated Mortgage Balance
$350,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%
12.4%