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$3,800,000

3549 TX-198 S, Canton, 75103

On MarketInfo

About this property

Rare opportunity to acquire 374 contiguous acres just five miles southwest of Canton, featuring approximately one-half mile of frontage along Highway 198. This legacy land offering provides the unique opportunity to own a large, undisturbed tract in Van Zandt County, making it ideal for ranchette subdivision investment, future development, or proprietary ranching operations. The family intends to reserve 50% of the mineral rights associated with the property. The property is enhanced by an artesian well and the natural Lacy Fork creek system flowing from Cedar Creek Lake. Existing ingress and egress include two access points along Highway 198 and an additional access point on the northern boundary via County Road 2209.

Investor Tools

$0Estimated Mortgage Balance
$3,800,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$22,800 /month
Positive
Cash Flow Estimate:
$7,600 /month

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Jonathan Krebbs

The Multifamily Group

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Financing Details

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

City: Canton