11966 Walters Road

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11966 Walters Road

Houston, TX 77067
Asking Price
$850K
Asset Type
Commercial Land
Class
Class B

What's Special

Seller financing may be available <p><strong style="color: rgba(0, 0, 0, 1)">The property consists of 2.81 acres; however, there is an existing detention pond for the current development already in place. Combined with the detention requirements for the new development, the total detention area comes to approximately 0.60 acres. The net usable property that can be marketed and sold is approximately 2.20 acres, while the remaining portion can continue to be utilized for detention purposes. The property has water, sewer, electric,

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NOI
$80,000
Cap Rate
9.41%
DSCR
1.59
Strong
Cash-on-Cash
11.58%
Monthly Payment
$4,205.336
Annual Cash Flow
$29,535.965

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