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$640,000

NAL Estimated Property Value

TBA County Rd 3555, Lovelady, TX, 75851

Off MarketInfo

Property Lead Type:

Off-Market List

About this property

ONCE IN A LIFETIME OPPORTUNITY to own over 141 acres in LOVELADY TEXAS. This BEAUTIFUL tract is 85% IMPROVED PASTURE LAND, 6 ponds in a GORGEOUS rural setting. Many great homesites to choose from, NO RESTRICTIONS!! Build your dream home, raise livestock, farm, hunt, plenty of room to ride horses or ATVs. OR sub-divide into smaller tracts as an investment. One pond is supplied by an artesian spring. This spring was found in 1964 when a seismic crew drilled a shot hole & water filled the hole. Owner dug a large tank & today it still has bluegill & largemouth bass. The area by this pond has become one of the best hunting spots on the property. Pond 4 is full of largemouth bass. Currently under lease for cattle, lease can be terminated or extended with new buyer - sellers ask to give current tenant 90 days to negotiate. All deer feeders, blinds, cattle feeders & troughs owned by tenant & will not convey. Seller to convey their 86+% of mineral rights. NO HOA & low taxes under ag exemption.

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$640,000
Estimated Property Value
$0Estimated Mortgage Balance
$640,000Estimated 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
$3,840 /month
Positive
Cash Flow Estimate:
$1,280 /month

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Financing Details

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

City: Lovelady