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$292,950

TBD County Road 251, Gatesville, TX, 76528

PendingInfo

About this property

***BIG PRICE DROP - MOTIVATED SELLER!!! *** Looking for your own piece of paradise? An open landscape where you can enjoy country living, amazing sunsets and wide open spaces! This is a great location to build a homestead, utilize for livestock grazing, farming, or a weekend retreat to enjoy the great outdoors and starry Texas skies! This 46.5 acre tract is being taken from a larger tract, therefore you'll get to install your new entrance in the location of your choice, within guidelines of the county and 911 addressing requirements. The property has approximately 1,522 feet of frontage on CR 251. This tract is also fully perimeter fenced with the exception of approx 250' on the SE boundary...this section recently sold and new owner is in process of fencing it's just incomplete at this time. Property is currently used for cattle grazing and property taxes have ag-exemption in place. Power runs across the property so gaining a meter shouldn't be an issue. This section of CR 251 offers both Co-op Power out of McGregor as well as TNMP so buyer should have an option of their choice but should verify with each. Contact Coryell City Water for meter availability. Septic will be required. Disclaimer: Tax data provided by Coryell County Appraisal Dist. All information is assumed accurate. Buyer to verify all tax, utility, intended use and other information.

Investor Tools

$0Estimated Mortgage Balance
$292,950Estimated 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
$1,758 /month
Positive
Cash Flow Estimate:
$586 /month

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Financing Details

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

City: Gatesville

TBD County Road 251 | Property Details | No Agent List