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$760,500

Colette Farms Tract 4 ±169ac, Canyon, TX, 79015

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About this property

Positioned along Highway 60 with approximately 3,370 feet of access, this ±169-acre unrestricted tract offers an exciting opportunity for residential or commercial development. Its highway access and acreage could make it an excellent location for a residential subdivision, commercial use, shops, or continued agricultural use. The property is fenced along the north, east, and south sides and is otherwise unimproved. Currently planted in wheat, the property is subject to an existing cash farm lease that may be assumed by the buyer, or a buyout may be available pending tenant approval.

Investor Tools

$0Estimated Mortgage Balance
$760,500Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,563 /month
Positive
Cash Flow Estimate:
$1,521 /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

Colette Farms Tract 4 ±169ac | Property Details | No Agent List