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$354,500

TX-152, Wheeler, 79096

On MarketInfo

About this property

This 141 acre property located between Mobeetie and Wheeler in Wheeler County, Texas offers a turnkey small ranch operation featuring quality native grasses, dependable livestock water, thoughtful pasture design, and an existing income-producing surface lease. The property sits on the north side of Highway 152 with paved highway frontage and easy access. Historically the ranch has run approximately 150 nannies and has been thoughtfully developed with four separate pastures for rotational grazing. All perimeter and interior fencing is net wire and in working condition, making this a turnkey setup for goats, sheep, or cattle. A unique value-add to this property is the existing surface lease located in the southeastern corner, where approximately 10 acres are currently leased to a construction company at $3,000 per month with no defined end date. This active lease provides immediate cash flow and helps offset ownership costs.

Investor Tools

$0Estimated Mortgage Balance
$354,500Estimated 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
$2,127 /month
Positive
Cash Flow Estimate:
$709 /month

Interested in this property?

Cayson George

Western Heritage Realty/Invest

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Financing Details

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

City: Wheeler

TX-152 | Property Details | No Agent List