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$200,000

275 and 281 Indian Gap, Quitman, TX, 75783

On MarketInfo
CommercialInfo
Beds2 Beds
Baths2 Bath
Baths798 Sq Ft
price_per_sqft$250.63 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
FlooringLaminate

About this property

Want to invest in fully furnished short-term rentals? These beautiful tiny homes have bookings for several months out, so sit back and enjoy the passive income. Located in a community on Lake Fork, visitors can enjoy the neighborhood boat ramp, multiple pools, playground, and restaurant without leaving the neighborhood. In the evenings, they can sit on the covered porches and soak in the relaxation. There is nothing behind these houses providing a serene view. The tan house has a king-sized bed and sleeper sofa. The blue house has a queen bed, sleeper sofa and a back porch as well as front porch. Lake Fork is a world-famous fishing lake hosting numerous tournaments a year that bring visitors from far and wide. And Canton Trade Days is short drive also brings lots of out of towners looking for a place to stay.

Investor Tools

$0Estimated Mortgage Balance
$200,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

Interested in this property?

Karen Baldwin

Jones & Co. Realty Group, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$104/month
5.947%

City: Quitman