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$584,000

Colette Farms Tract 1 ±146ac, Canyon, TX, 79015

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About this property

Discover ±146 acres of unrestricted Texas Panhandle land offering agricultural use, excellent access, and plenty of possibilities for the future. Currently planted in wheat, this tract features approximately 1,800 feet of paved access from FM 1062 and approximately 3.1 miles of fencing. The property is otherwise unimproved, giving a buyer a blank slate for continued agricultural use, a homesite, recreational use, or future development. The existing cash farm lease may be assumed by the buyer, or a buyout may be available pending tenant approval.

Investor Tools

$0Estimated Mortgage Balance
$584,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,504 /month
Positive
Cash Flow Estimate:
$1,168 /month

Interested in this property?

JT Haynes

Triangle Realty, LLC

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Financing Details

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

City: Canyon