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$56,500

NAL Estimated Property Value

25537 FM 1847, LOS FRESNOS, TX, 78566

Off MarketInfo

About this property

COUNTRY-STYLE LIVING AT A VERY REASONABLE PRICE. THESE 2 ADJACENT LOTS/PARCELS ARE BEING SOLD AS ONE. THE FRONT LOT IS 1+/- ACRE & THE REAR LOT IS 5.90 +/- ACRES. THE PROPERTY IS LOCATED MIDWAY BETWEEN LOS FRESNOS & ARROYO CITY, WITH-IN CLOSE PROXIMITY OF RIO HONDO. THE PRICE INCLUDES A WATER METER AND A SEPTIC SYSTEM (SIZED FOR A 3 BEDROOM, 1 BATHROOM HOME) ON EACH LOT & SUCH WILL BE DONE AT THE EXPENSE OF THE ORIGINAL DEVELOPER, LATINA INVESTMENTS,LP, UPON SUBMISSION OF BUILDING PERMITS WHEN YOU ARE READY TO BUILD. HORSES & OTHER LIVESTOCK (EXCLUDING PIGS) ARE PERMITTED ON THE LARGE REAR LOT, AS LONG AS THEY ARE PRPOERLY HOUSED OR CORRALLED. MANUFACTURED OR MODULAR HOMES ARE ALSO PERMITTED, AS ARE NEWLY-CONSTUCTED RESIDENCES. THE PLATS AND RESTRICTIONS ARE ON-FILE AT THE LISTING OFFICE.

Investor Tools

Property Icon
$56,500
Estimated Property Value
$0Estimated Mortgage Balance
$56,500Estimated 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
$339 /month
Positive
Cash Flow Estimate:
$113 /month

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Financing Details

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

City: LOS FRESNOS