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$707,000

TBD FM HWY 272, Leonard, TX, 75452

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About this property

Reduced! ... Discover an exceptional row crop farm offering versatility, productivity, and investment potential. Situated in the rapidly growing Fannin and Hunt County corridor, this one-of-a-kind property lies just east of Leonard along FM 272, with approximately 1,548 feet of FM frontage and an additional 2,389 feet along Hunt County Road 1055. The extensive road frontage provides outstanding opportunities for future division into smaller tracts for the investor. The farm with good soils carries an agricultural exemption, and none of the acreage falls within a FEMA designated floodplain. A highly regarded tenant farmer is currently in place, and the property boasts an excellent cropping history, including corn, wheat, and soybeans. Currently, this productive and unique farm is planted in corn that will be harvested in August. Nearly the entire tract is under cultivation—an increasingly rare find in this region. Whether you’re seeking a strong agricultural asset, long term investment, or land with development flexibility, this property delivers exceptional potential in every direction.

Investor Tools

$0Estimated Mortgage Balance
$707,000Estimated 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
$4,242 /month
Positive
Cash Flow Estimate:
$1,414 /month

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Financing Details

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

City: Leonard

TBD FM HWY 272 | Property Details | No Agent List