407 Hope Dr. # 26

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407 Hope Dr. # 26

La Feria, TX 78559
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel covers exactly 0.25 acres of residential land.
  • Property is situated in La Feria, Texas.
  • Site is zoned for residential land development.
  • Located within the growing Rio Grande Valley region.
  • Coordinates placed at 26.1403, -97.8199 for site identification.

What's Special

Building a custom residential home is a practical use for this 0.25-acre parcel of land in La Feria, Texas. Situated in a suburban market in the Rio Grande Valley, the property offers a straightforward foundation for future development. The site provides a clean slate for residential construction, suitable for buyers looking to invest in a growing region of the state. With its modest size, the plot is manageable for private developers or individuals seeking a residential footprint in this established community. Proximity to local regional routes facilitates connectivity across the surrounding South Texas area. As La Feria continues to attract interest within the broader Harlingen-Brownsville corridor, this land presents a clear opportunity for residential expansion. Future owners can leverage the local infrastructure to establish a permanent presence in this quiet and developing residential pocket.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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