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$7,948,000

NAL Estimated Property Value

767 Tocquiny Lane, Carrizo Springs, TX, 78834

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,200 Sq Ft
RanchRanch
price_per_sqft$2,483.75 / sqft
Year BuiltBuilt in 1950

About this property

Long Overdue Ranch is a true Dimmit County gem, offering 2,427 acres of prime hunting, grazing, and recreational land located in the renowned “golden triangle” just 3.5 miles NW of Carrizo Springs. The ranch features an impressive combination of diverse terrain with hearty grasses, scattered mesquite motts and sandy loam soil, ideal habitat for bobwhite quail which are regularly seen on tours. The central portion of the ranch is a classic mix of high protein browse species, essential for growing big whitetail deer. The entire ranch can be utilized for grazing livestock which is what the property has been utilized for in recent years. Perimeter fencing is in good condition with approximately 75% being high-fence and the remaining 25% being low-fenced. The ranch has not been hunted in over 3 years, creating a prime opportunity for new owners to enjoy abundant native game including whitetail deer, javelina, hogs, bobwhite quail and dove as well as the occasional exotic including audad and axis deer. From encounters on recent tours, the native game numbers appear to be healthy. Over a mile of Pena Creek, There is also a large, 10+ acre lake with a pier, along with four additional surface tanks that have maintained impressive water levels despite lack of runoff. There is a total of 3 domestic water wells, and 2 unequipped Carrizo Irr. wells. There are 2 drilled and cased Carrizo irrigation wells located in the center portion of the ranch. If you are seeking the best opportunities South Texas has to offer for native quail and deer, you’d be hard pressed to find a ranch with a better natural habitat. With a little TLC and vision, the Long Overdue Ranch has the potential to be a first-class hunting destination with the added bonus of irrigation fed water recreation and location that’s a hop-skip from town.

Investor Tools

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$7,948,000
Estimated Property Value
$0Estimated Mortgage Balance
$7,948,000Estimated 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
$47,688 /month
Positive
Cash Flow Estimate:
$15,896 /month

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Financing Details

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

City: Carrizo Springs