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$2,122,740

157 ac CR 1150, Ravenna, TX, 75418

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About this property

Discover the endless potential of this 157+- acres of AG-exempt property in the heart of Fannin County near the quiet town of Ravenna & Bonham TX. This property is fenced, has a well, 2 stock ponds and sandy loam land, mixed Bermuda grass for hay & plenty of room to add your dream home. There is county roads on 2 sides of the property with over 11,000 feet of road frontage to invest with. The property could be broken up in 15 lots to invest with. There is plenty of pasture for cattle. Its a short drive to restaurants, a Walmart, Hardware stores and plenty of shopping. Electrical and water are available. Water is with White Shed Water company. Its a short drive to Lake Bonham & the new Bois d arc lake. There is plenty of deer and hog available if you want to hunt or just enjoy the view. This could be your private ranch with your dream home and barn you've always wanted. Contact the listing agent to schedule a showing. Hope to see you soon.

Investor Tools

$0Estimated Mortgage Balance
$2,122,740Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,736 /month
Positive
Cash Flow Estimate:
$4,245 /month

Interested in this property?

Kerry Kearney

Sudderth Real Estate, Inc.

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Financing Details

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

City: Ravenna

157 ac CR 1150 | Property Details | No Agent List