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$699,500

NAL Estimated Property Value

65.6 Acres TBD Highway 16, De Leon, TX, 76444

Off MarketInfo

About this property

65.6 Acres - Prime location for subdividing! Located at the city limits of De Leon on Highway 16 south. (approx. 5 acres inside the city limits and accessible from the end of Lamar Street) Coastal Bermuda hay operation with 3 wheel move irrigation systems, 4 irrigation wells (3 currently in use), which the owner reports 2 wells to be 100 gpm and 1 to be 75 gpm. All are pumping into the irrigation reservoir, and then there is a 10 HP centrifugal pump that supplies the irrigation systems out of the reservoir via underground supply lines. Municipal water meters are available both on Highway 16 and CR 450 on the east side. Property also includes a nice set of steel cattle working pens and another smaller stock pond with irrigation fill available. Perimeter and cross fences are all 6 strand barbed wire in very good condition. Oncor power lines on property and also readily available on all sides. Great property and great location to subdivide into smaller tracts!! Call us today to see it!

Investor Tools

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$699,500
Estimated Property Value
$0Estimated Mortgage Balance
$699,500Estimated 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
$4,197 /month
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Cash Flow Estimate:
$1,399 /month

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Financing Details

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

City: De Leon

65.6 Acres TBD Highway 16 | Property Details | No Agent List