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$800,000

NAL Estimated Property Value

1421 Mckinney Street, Melissa, TX, 75454

Off MarketInfo
CommercialInfo

About this property

C-2 zoned property with Hwy 5 frontage on the east, property continues to the west with Fannin Street on western boundary. City water and sewer services the mobile home on the west side of property on Fannin. Currently there are 3 mobile homes on the property. Excellent 2.6 acre build site enhanced with access from HWY 5 and Fannin. City projects population of Melissa to double in next 5 years.

Investor Tools

Property Icon
$800,000
Estimated Property Value
$0Estimated Mortgage Balance
$800,000Estimated 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
$4,800 /month
Positive
Cash Flow Estimate:
$1,600 /month

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Financing Details

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

City: Melissa

1421 Mckinney Street | Property Details | No Agent List