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$3,890,000
NAL Estimated Property Value280-A Grove Road, Kemah, TX, 77565
Off Market
About this property
3.7 Waterfront Acres. Endless possibilities for residential or commercial development. Short golf cart ride to Kemah Boardwalk. 800 linear feet of waterfront with dock on Clear Creek channel deep access to Galveston Bay and. Gulf Adjacent marina and boat slip Located in Clear Lake Shores and Kemah this property can be subdivided. Commercial and residential possibilities. Multi concepts considered including Margaritaville. Nearby attractions include Space Center/NASA, Kemah Boardwalk, and convenient to both Houston and Galveston. Surrounded by restaurants and shopping. Zoned to exception school district of CCISD. Joint Venture possibilities.
Investor Tools
$3,890,000
Estimated Property Value
$0Estimated Mortgage Balance
$3,890,000Estimated 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
$23,340 /month
Positive
Cash Flow Estimate:
$7,780 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%
12.4%