Part of Sections 218, 217, and 187, Block 1-C, GH&H Survey

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Part of Sections 218, 217, and 187, Block 1-C, GH&H Survey

Stratford, TX 79084
Asking Price
$4.09M
Asset Type
Agricultural Land
Class
Class B

What's Special

Land | 779 acres <ul><li>​This is an isolated farm with newer equipment</li><li>​Fifteen total wells produce a combined 3,700+/- gpm or 5.87+/- gpm per irrigated acre</li><li>​All of the wells are electric and powered by Natural Gas Cat Generators</li><li>​All Valley Sprinklers</li><li>​There is good barbed wire fencing along the perimeter of each parcel</li><li>​Additional acres of contiguous groundwater rights will convey with the property to provide for pumping allocation and further well exploration and deve

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NOI
$80,000
Cap Rate
1.96%
DSCR
0.33
Underwater
Cash-on-Cash
-13.27%
Monthly Payment
$20,233.852
Annual Cash Flow
$-162,806.219

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