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$497,500

NAL Estimated Property Value

TBD Fm 1087, Garrison, TX, 75946

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Property Lead Type:

Off-Market List

About this property

GET OUT OF THE BIG CITY AND GET TO THE HILLS OF DEEP EAST TEXAS??? YES, THERE ARE HILLS IN EAST TEXAS!!! Located just outside of the small country town of Garrison, TX, is a 199.13 acre tract with some of the highest elevations in deep East Texas. Handed down to family members over generations, this property over looks the horizon for as far as the eye can see. Build your home on top of these hills and enjoy the wonderful views or keep it simple and use it for hunting, running livestock or exploring the deep ravines, creek and lower flats. The property contains oilfield roads throughout from the use of oil and gas found on the property. Mineral rights may be conveyed with an acceptable offer. Natural springs and a spring fed creek meander through areas of the property. There is also a small pond that boundaries the neighbors property as well. Located just down the road from Camp Tonkawa Springs. Access to the property is by appointment only.

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Property Icon
$497,500
Estimated Property Value
$0Estimated Mortgage Balance
$497,500Estimated 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
$2,985 /month
Positive
Cash Flow Estimate:
$995 /month

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Financing Details

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

City: Garrison