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$5,250,000
NAL Estimated Property Value- E HENDERSON RD. 150 Acs, LOS FRESNOS, TX, 78566
Off Market
About this property
Over 1.5 miles of Resaca Frontage. Formerly a Citrus Grove with 40 yr old producing trees until the 1989 freeze killed the trees. Irrigated land, currently growing organic produce. The highest and best use is Development Land with room for over 25 resaca lots. This property has the highest geographic elevation in the Los Fresnos area. Flood Zone X (area of minimal flooding). City Zoning is Single Family District (R-1). Water, sewer, and electrical available.
Investor Tools
$5,250,000
Estimated Property Value
$0Estimated Mortgage Balance
$5,250,000Estimated 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
$31,500 /month
Positive
Cash Flow Estimate:
$10,500 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%
12.4%