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26631 Decker Prairie-Rosehill Road
Magnolia, TX 77355
Asking Price
$1.90M
Asset Type
Ranch Multifamily
Class
Class B
What's Special
Unrestricted ±9 acres - 100% Leased 3 Single Family Homes <ul><li>Unrestricted <span style="color: rgba(71, 71, 71, 1)">±</span>9-acre property with residential zoning in a rapidly growing area</li><li>3 income-producing homes already in place with flexible lease structures</li><li>Approximately 6 cleared and usable acres ready for future development or subdivision</li><li>Utilities available, significantly enhancing development potential</li><li>Property can be subdivided, creating multiple investment and exit strategies</li><li>Immediate cash f
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NOI
$80,000
Cap Rate
4.21%
DSCR
0.71
Underwater
Cash-on-Cash
-5.75%
Monthly Payment
$9,400.163
Annual Cash Flow
$-32,801.96