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23823 Farm to Market Road 1488
Magnolia, TX 77355
Asking Price
$5.73M
Asset Type
Land
Class
Class B
What's Special
<p>• Frontage and access from FM 1488</p><p>• Close proximity to intersection of FM 1488</p><p> and FM 1774</p><p>• Waller ISD Schools</p><p>• New subdivisions surround property</p><p>• Close to grocery (HEB) and shopping</p>
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NOI
$80,000
Cap Rate
1.40%
DSCR
0.24
Underwater
Cash-on-Cash
-15.14%
Monthly Payment
$28,363.756
Annual Cash Flow
$-260,365.072
