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$398,900

NAL Estimated Property Value

TBD FM 1868, Spur, TX, 79370

Off MarketInfo

About this property

Here’s your chance to own a quarter section of excellent West Texas ranch land on the outskirts of Spur, Texas. Terrain is flat to rolling with a low-lying area that would be a great spot for a large tank. The old homestead site will transport you to another time. The windmill is just waiting for your attention to be restored to operation. There is a beautiful mature stand of cottonwood trees near the old homestead. Besides the windmill well, there is a second, large bore, productive water well on the Southwest corner of the property, with a connected electric meter. On the day visited, dove were abundant. Some brush and mesquite on the Northwest corner of the property would provide good cover for wildlife.

Investor Tools

Property Icon
$398,900
Estimated Property Value
$0Estimated Mortgage Balance
$398,900Estimated 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
$2,393 /month
Positive
Cash Flow Estimate:
$798 /month

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Financing Details

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

City: Spur

TBD FM 1868 | Property Details | No Agent List