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$375,000

NAL Estimated Property Value

5200 County Road R, Hereford, TX, 79045

Off MarketInfo

About this property

What a unique & special property! "Beautiful" is the only way to describe 318 acres of prime West Texas grassland. 15 minutes from Hereford, Tx & an hour from Amarillo, you will not find a more pristine spot.This Property is 11 miles east of the NM State line &11 miles south of the Oldham, TX County line, & a short 15 minute drive to intersect I-40. It's clean, flat,& has a good,strong fence around the property. This acerage can be used for grazing or building a beautiful home overlooking the West Texas Prairie! 10 year CRP program was recently renewed & the land is planted in native grasses. It has good water with reports available. Electricity is on the property. This land was originally part of the famous XIT Ranch, as pastureland,& it was purchased around 1910. In 1914, George Bippus, A Russian immigrant farmer, donated 2 acres from this half section parcel for a school.This is still used today as a Community Center. This Property is a RARE offering & is your worth consideration!

Investor Tools

Property Icon
$375,000
Estimated Property Value
$0Estimated Mortgage Balance
$375,000Estimated 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
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

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

City: Hereford

5200 County Road R | Property Details | No Agent List