Texas Property Tax

[Johnny Dangerr]

At 65 it gets a lot better...

[Randy]

The quick and dirty

I/R=V
$600,000 potential gross income
-50% vacancy
-55% expenses (hotels/motels average 70-75%)
/7.5% capitalization rate = $1.8M

[RWB]

The quick and dirty

I/R=V
$600,000 potential gross income
-50% vacancy
-55% expenses (hotels/motels average 70-75%)
/7.5% capitalization rate = $1.8M

It sits on 9 acres of unrestricted property in the middle of Magnolia. Less than 1/2 a mile from a brand new HEB if that tells you the type of growth in this area. The dirt alone is probably worth close to $1M.