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$2,364,934
NAL Estimated Property ValueTBD Farmington Road, Howe, TX, 75459
Off Market
About this property
Located on Farmington Road between US Highway 75 and Preston Road, this property could be the real estate investment you have been seeking. The property is located one-half mile south of FM Highway 902, and 2 miles west of US HWY 75. There are several recent studies with Farmington Road as a proposed future major arterial road. The property is in two tracts, which are not contiguous. Tract 1 is approx. 65.1 acres with 1,085’ of road frontage. Tract 2 is 30.91 acres with approx. 1,963’ of road frontage. The two tracts are approximately 955’ apart. The property has an agricultural exemption with an excellent tenant farmer in place. See supplements of this listing for mapping of this unique property.
Investor Tools
$2,364,934
Estimated Property Value
$0Estimated Mortgage Balance
$2,364,934Estimated 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
$14,190 /month
Positive
Cash Flow Estimate:
$4,730 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%
12.4%