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$100,000

NAL Estimated Property Value

10903 Brock Highway, Lipan, TX, 76462

Off MarketInfo

About this property

$100,000 IS THE OPENING BID ON TRACT 4 IN THE LIVE AUCTION ON JULY 16TH. Offering For Sale Tracts 1, 2, 3, 5 & 6 with an Opening Bid of $5000 per acre. As a Prospective Buyer you have the opportunity to purchase any Tract, any Combination of Tracts or Buy the Entire 150 Acres. Tract 4 features the Barndominium with 5 oversized stalls. There's over 2800' of road frontage on Hwy 1189, the Brock Hwy. Auction Registration begins at 9am and the Live Auction of Real Estate at 11am. Property sells AS IS with NO Contingencies for Funding, Inspections or Appraisals & NO Option Period. 10 percent Buyer's Premium added to High Bid to constitute the Total Contract Price. The Buyer's Premium is paid upon the execution of the Purchase Contract on the day of the Auction by Cash or Personal-Business Checks with will be accepted if accompanied by a Bank Letter of Guarantee or other Proof of Funds. The Remaining Balance is due Wednesday, August 31, 2022 by 5pm at Doster Law Group-Doma Title in Denton.

Investor Tools

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$100,000
Estimated Property Value
$0Estimated Mortgage Balance
$100,000Estimated 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
$600 /month
Positive
Cash Flow Estimate:
$200 /month

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Financing Details

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

City: Lipan

10903 Brock Highway | Property Details | No Agent List