$4,726,820
2350 CR 228, Florence, TX, 76527
On Market
About this property
Located minutes from Florence, approx 25 miles N of Georgetown and approx. 10 minutes from the Killeen airport, lies 125 +/- acres of multi use land. Very nice 3/2 manufactured home sits on the property along with multiple outbuildings and beautiful oaks. Currently used for agriculture, but would make a great development site. Florence ISD is in discussion with purchasing 20 acres for a new elementary school and rumor has it this property is in close proximity. Further investigation would be necessary.
Investor Tools
$0Estimated Mortgage Balance
$4,726,820Estimated 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
$28,361 /month
Positive
Cash Flow Estimate:
$9,454 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%
