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$1,700,000

NAL Estimated Property Value

(TRACT 1) 1050 FM 2104, Smithville, TX, 78957

Off MarketInfo

About this property

OVERVIEW: Located ~19 miles east of Bastrop and approximately halfway between Paige and Smithville sits this beautiful, raw land property ready for any livestock operation, hunter, homestead or investment - it truly appeals to all preferences! Being within an hour of Bastrop, Giddings, La Grange and Austin-Bergstrom Airport, this unrestricted +/- 118 acre property provides country living with the convenience of amenities. Privacy is a main component of this ranch while, at the same time, boasting ~460 ft of FM 2104 road frontage and ~825 ft of paved Nink road frontage on the backside with no access easements. It's not often that a property offers paved road frontage on two opposite ends. Take advantage of the opportunity to own a piece of gorgeous eastern Bastrop county! LAND: This ag exempt ranch consists of rolling topography with approximately 50 ft of elevation change. With the front portion of the property being mostly pasture with some trees, there are a variety of trees on the Nink Rd portion of the property that include several mature pines, various oaks and some cedar. Pin Oak Creek meanders through the backside of the property and has been known to never go dry, even in prolonged TX droughts. A buyer would own both sides of Pin Oak Creek and could access either side via a low water crossing on the north side of the property. The ranch consists of two tanks that hold water consistently throughout the year, providing ample water for livestock and wildlife. If desired, there are several draws throughout the property that could be expanded or rerouted into an additional tank. Wildlife is abundant, which includes whitetail deer, turkey and waterfowl. The front ~67 acres has great barb wire fencing where cattle are currently being held and can easily be accessed by a vehicle. A gated entrance, cattle guard and cross fencing are also in place, making this a turnkey livestock operation location. The grass is not overgrazed, so if livestock is not your preference, you still have plenty of native grasses present for wildlife or a lush yard. UTILITIES: Electric available at the road Water available at the road Septic needed

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$1,700,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,700,000Estimated 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
$10,200 /month
Positive
Cash Flow Estimate:
$3,400 /month

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Financing Details

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

City: Smithville