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$299,000

NAL Estimated Property Value

000 E MILE 6 N, MERCEDES, TX, 78570

Off MarketInfo

About this property

BEAUTIFUL HIGH GROUND GRAPEFRUIT ORCHARDS PRODUCING OVER 500 TONS OF FRUIT.PAVED ROAD, THIS LOCATION HAS HUNDREDS OF TREES AND IS CONVENIENTLY LOCATED JUST MINUTES FROM I-2. NOT ONLY INCOME PRODUCING POTENTIAL BUT WOULD MAKE A GREAT SUBDIVISION DEVELOPMENT AS WELL. THIS PROPERTY HAS A LOT OF FRONTAGE ON MILE 6 NORTH. PLEASE NOTE THIS PRICE IS FOR 50% OWNERSHIP OF UNDIVIDED INTEREST IF YOU WANT THE WHOLE 100% OWNERSHIP THE PRICE IS $598,000.

Investor Tools

Property Icon
$299,000
Estimated Property Value
$0Estimated Mortgage Balance
$299,000Estimated 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
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

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

City: MERCEDES

000 E MILE 6 N | Property Details | No Agent List