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$175,000

NAL Estimated Property Value

1108 E Hwy 31, Malakoff, TX, 75148

Off MarketInfo
CommercialInfo

About this property

Fantastic Cedar Creek Lake area 8.11 acre property on the TEXAS LAKES TRAIL! Prime location with approx. 400' of Hwy 31 frontage! Just 3.5 miles to Cedar Creek Lake public boat ramp and close to a nice skate park. 1 mile to center of town with shopping, restaurants and services! City services! Seller has paid for complete engineer's report and has a survey. Approx .22 acres on the NE corner is leased to salon owner who is also the owner of record of the moveable structure but not the land beneath it. So many wonderful possibilities in this growing area! Zoned commercial and in the city limits per the City of Malakoff. Property is just down the road from Mabank. Seller may divide into 2 parcels.

Investor Tools

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$175,000
Estimated Property Value
$0Estimated Mortgage Balance
$175,000Estimated 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
$1,050 /month
Positive
Cash Flow Estimate:
$350 /month

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Financing Details

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

City: Malakoff

1108 E Hwy 31 | Property Details | No Agent List