$15,000
TBD Cherry, Groesbeck, TX, 76642
On Market
Just Added
About this property
Approx. 0.25-acre double lot with improvements — only $15,000. Two adjoining improved lots located on a quiet cul-de-sac inside city limits. Property includes a storage shed and has city water, sewer, and electric available at the road for easy hookup. Ideal for a small build, investment hold, or placing a manufactured home. Neighboring home is also for sale and can be bundled together for a larger homesite or multi-property investment.
Investor Tools
$0Estimated Mortgage Balance
$15,000Estimated 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
$300 /month
Positive
Cash Flow Estimate:
$100 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%
