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$334,800

NAL Estimated Property Value

12ac FM 697, Sherman, TX, 75090

Off MarketInfo

About this property

Twelve acre rectangle out of 71 acres on East side of FM 697. Ag exemption on property. Utilities in the area. No mobile homes. Property is under a current cash lease until crop is harvested but lease could be purchased from farmer before lease is complete. Sellers retain all mineral rights.

Investor Tools

Property Icon
$334,800
Estimated Property Value
$0Estimated Mortgage Balance
$334,800Estimated 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
$2,009 /month
Positive
Cash Flow Estimate:
$670 /month

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Financing Details

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

City: Sherman