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$775,000

NAL Estimated Property Value

6899 Hwy 79, Milano, TX, 76556

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,750 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$281.82 / sqft

Property Lead Type:

Off-Market List

About this property

RARE FIND with small town atmosphere, a very well kept property with 2 HOMES, 2 shops, scattered Oaks on 13 acres of gently rolling grass covered pasture and over 300ft. of State Hwy frontage. Located in the "Texas Triangle" of DFW, Houston, and San Antonio this property is within a 2 hour drive of these major cities and 1 hour to Austin or Waco. The 3200 sf triple wide has 4 BR, 3 bath and a wide open floor plan with 2 living areas, oversized kitchen with many recently added custom features. This home is on the highest point on the property, in a small grove of Oaks overlooking the Hwy. The second home is 2000sf, 2 BR, 2 bath, large open Kitchen, LR and DR, utility room and laundry 50x40 metal frame home with 2x6 walls. Home is very energy efficient with spray foam insulation in all exterior surfaces. There are 2 shops, currently used in the cabinet manufacturing business, both with concrete floors, 2 ovhd doors and 2 walk thru doors. The homes set in the middle of the property which provides a nice buffer from the Hwy and would allow for any growth that may be desired in the future, whether it be family homes or your own private business.

Investor Tools

Property Icon
$775,000
Estimated Property Value
$0Estimated Mortgage Balance
$775,000Estimated 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
$4,650 /month
Positive
Cash Flow Estimate:
$1,550 /month

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Financing Details

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

City: Milano