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$110,000

NAL Estimated Property Value

TBD FM 1602 Tract 3, Jonesboro, TX, 76538

Off MarketInfo

About this property

Lanham Estates is a 13 tract new development that is located on FM 1602. This development is unrestricted. It is centrally located approx. 2 hours from Dallas, 2 hours from Austin, 1 hour from Waco and 1 hour from Temple. Easy access from FM 1602. This land is currently ag exempt and just recently surveyed into tracts. These tracts are just waiting for you to come build your dream home or put your manufactured home on them. These tracts have views of the hills and a couple tracts have ponds. Hamilton Coop electric is available on the property. If you are looking for a getaway place to bring your RV for the weekend then come take a look. Do not miss the opportunity to own unrestricted land.

Investor Tools

Property Icon
$110,000
Estimated Property Value
$0Estimated Mortgage Balance
$110,000Estimated 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
$660 /month
Positive
Cash Flow Estimate:
$220 /month

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Financing Details

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

City: Jonesboro