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$600,000
NAL Estimated Property Value337 6th Street, Magnolia, TX, 77355
Off Market
Property Lead Type:
Off-Market List
About this property
Phenomenal opportunity to purchase 6.8+/- wooded acres located in highly desirable Historical District Magnolia, near Unity Park, offering all downtown Magnolia and all it has to offer. Great location for builder homesites or a lovely ranchette. The adjoining 4.2 acres located on RL Butler may be purchased to create 11+/- acres. This is a wooded lot located along a high-traffic main street. Purchasing with the adjoining property would allow for entry on both RL Butler and 6th Street.
Investor Tools
$600,000
Estimated Property Value
$0Estimated Mortgage Balance
$600,000Estimated 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
$3,600 /month
Positive
Cash Flow Estimate:
$1,200 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%
12.4%