So the question is, how do you go about purchasing a lot or a piece of land as an investment? We're here to help, take a look at the example below.
3380 Simpson Stuart Road, Dallas, Texas 75241
Price: $1,015,000
br ba sqft
Lot/Land
From: www.century21.com
Listing Type: Resale
Status: For Sale What's this?
Year Built:
Price/sqft: $
Lot Size:
Days on Market: More than 30 days
ZIP Code: 75241
3380 Simpson Stuart Rd,
Dallas, TX 75241
MLS# 10855528
Description: A prospective shopping center site contains 13.32 AC, Zoned community retail, 830' frontage on Simpson Stuart and Bonnie View - Site flat and clear for minimum site preparation costs - Located in the I-35 to I-45 corridor with expanding opportunities spurred by UNT Dallas and Inland Port activities.
Rough Numbers:
Down payment:
Loan amount:
Property tax rate:
Expenses: % of gross earnings
Appreciation:
Loan amount:
Interest rate:
Loan term:
Annual tax:
Annual insurance:
Monthly Principal + Interest:
Monthly tax:
Monthly insurance:
Total monthly payment:
Interest payment per year:
Mortgage payments for the year:
Principal payments for the year:
Per year appreciation growth:
Gross income:
Operating expenses (managing property, landscaping, insurance, property taxes, painting - there are fixed and variable expenses):
Loan payments:
Cash flow =
Link
Notes: This is not the type of real estate investment deal for the new investor, buying llots require you to hold on to them for longer periods of time. There's no cash flow since there's no tenant for a lot.
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