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$239,900

Fm 902, Collinsville, TX, 76233

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

About this property

Country living on this beautiful piece of land located on FM 902 just outside of Collinsville towards Lake Kiowa. Your choice of either 5 or 6 acres. Huge stocked pond great for fishing or relaxing with a couple of great build sites with water and electric available. Abundance of trees that include elm, oak, and Pecan. Property is currently in Ag Exemption, in Collinsville School District, No HOA, No part of property in flood zone, and outside of city limits. The lot will have to be platted. Limited restrictions to keep value in area. Located in Lake Ray Roberts Zoning. Buyer and Buyers agent to verify all information not limited to taxes, restrictions, easements. Picture on here currently shows what approx 6 acres would be on the map. Please contact agent to see property. Currently fenced and will need to go through gate to actually see property. For 5 acres: $239,900 For 6 acres: $$269,900

Investor Tools

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$517,000
Estimated Property Value
$0Estimated Mortgage Balance
$517,000Estimated 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
$3,102 /month
Positive
Cash Flow Estimate:
$1,034 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$216/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Collinsville

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Fm 902 | Property Details | No Agent List