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$6,095,000

406, 408, 410 State School Road, Gatesville, TX, 76528

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths3,394 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,795.82 / sqft
Year BuiltBuilt in 1990

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
FlooringCarpet

Building Information

Garage Spaces2

About this property

Productive Hay Farm in Gatesville Texas 406, 408 and 410 State School Road (Lutterloh) Gatesville TX (Professional Pic coming by Friday) Approximately 400 acres in Coryell County, currently operated as a high-protein hay farm. Imagine planning your hay season without the usual worry about water. THREE IRRIGATION PIVOTS USE RECLAIMED WATER PROVIDED BY THE CITY OF GATESVILLE. Contact the listing agent for full details on how the water arrangement works. The farm averages four to six cuttings per year, with reported annual production of approximately 30,000 plus bales and 250 rolls plus. The property includes two houses: a main home of approximately 3,300 square feet that is being renovated, plus a second home suitable for a ranch hand. The land is fenced and cross-fenced, with new electric fencing installed throughout the ranch. Cattle chutes and other farm improvements support the operation. Select farm equipment, tractors will convey with others being negotiable, contact the agent for details. The property currently has an agricultural exemption and no city taxes.

Investor Tools

$0Estimated Mortgage Balance
$6,095,000Estimated 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
$36,570 /month
Positive
Cash Flow Estimate:
$12,190 /month

Interested in this property?

Terry Harris

Axio Real Estate LLC

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Financing Details

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

City: Gatesville

406,408,410 State School Road | Property Details | No Agent List