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$340,000

NAL Estimated Property Value

000 Redfish Drive, Hitchcock, TX, 77563

Off MarketInfo

About this property

Great Opportunity to Build your Dream Home on 5 whole acres of land. Pond has been dug on property and an approx. 50x50 pad site has been built up. Property currently under agricultural lease, so it has very low taxes, buyer can choose to continue with the lease or build or subdivide etc. The Property is fenced and offers almost 721 feet of frontage on S Redfish Drive and another 214 feet of frontage on Butler Street (not currently developed but designated as a St.) so subdividing into several lots to build is a distinct possibility. There are fire hydrants all along the road there so buyers should inquire with City of Hitchcock as to availability and cost for tapping into water services and if sewer services are available. A block or two away from the City's public boat ramp and water access. Entire property is fenced, but fence lines can actually be pushed out several feet further & buyers are encouraged to obtain a new survey at their cost. Nice homes around this developing area.

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Property Icon
$340,000
Estimated Property Value
$0Estimated Mortgage Balance
$340,000Estimated 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
$2,040 /month
Positive
Cash Flow Estimate:
$680 /month

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Financing Details

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

City: Hitchcock

000 Redfish Drive | Property Details | No Agent List