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$511,455

NAL Estimated Property Value

TBD Fm 824 & County Rd 3545 Highway, Honey Grove, TX, 75446

Off MarketInfo

About this property

Here's an opportunity to own 48 acres of rolling pasture, creeks and trees perfectly located just a few miles north of the deep end of Lake Ralph Hall, under construction, and a few miles south of Honey Grove, with it's small town amenities, charm and schools. This property has a substantial 1900 ft of frontage on FM 824 and 1000 ft of frontage on CR 3545. Overhead electricity and rural water service are available to the property, however no meter is present. In an area of Fannin County locally know for it's highly productive but sometimes featureless black land cropland, this tract has rolling terrain, both native and improved grasses, perimeter fencing which has recently held cattle and a large pond. A creek drainage bisects the property and provides an opportunity for construction of a small lake, which would be overlooked by excellent building sites for that country home you've dreamed about. Info deemed reliable but to be verified by buyer and buyer's agent.

Investor Tools

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$511,455
Estimated Property Value
$0Estimated Mortgage Balance
$511,455Estimated 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
$3,069 /month
Positive
Cash Flow Estimate:
$1,023 /month

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Financing Details

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

City: Honey Grove

TBD Fm 824 & County Rd 3545 Highway | Property Details | No Agent List