$120,000
501 Colonial Drive, Friendswood, TX, 77546
On Market
About this property
CORNER LOT FOR SALE. Heritage Estates offers tranquil living. The lots are way larger and spacious than average giving room for custom homes that can include workshops and larger footprints. Low taxes.. BUILDERS, homes in the area are consistently selling above $500,000!! Enjoy easy access to top-rated Friendswood ISD school, a prime location just minutes from shopping, dining, and major highways. Whether you're looking to build now or hold as a high-potential asset, this property is a rare find in one of Friendswood’s most sought-after neighborhoods.
Investor Tools
$0Estimated Mortgage Balance
$120,000Estimated 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
$720 /month
Positive
Cash Flow Estimate:
$240 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$25/month
5.947%
