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$89,900

NAL Estimated Property Value

Lot 35 Fivemile Trail, Palacios, TX, 77465

Off MarketInfo

About this property

PRICE IMPROVEMENT!!! Discover the waterfront lifestyle with this great lot in Cape Shores on Caranchua Bay. This property, with no neighbors anywhere within eyesight is now listed $50,000 BELOW market value! Cape Shores offers a boat ramp with bay access, a fishing pier, a common area, underground utilities, central water, and paved roads. This particular .65 acre spacious lot would be great for creating your private walk up beach area or extending the property by building a bulk head to build your pier from. With a few perfectly placed trees this lot sits awaiting your custom home or your vacation rental investment. There are currently only two homes in this community! Seize this chance to own a piece of land on the water, extremely below market value. There is also no time line to build your home upon purchasing this land. As a cost saving measure to the buyer, the owner has provided a current survey.

Investor Tools

Property Icon
$89,900
Estimated Property Value
$0Estimated Mortgage Balance
$89,900Estimated 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
$539 /month
Positive
Cash Flow Estimate:
$180 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$295/month
5.947%

City: Palacios

Lot 35 Fivemile Trail | Property Details | No Agent List