ActiveResidential · sale

7979 Goyo Garcia Rd

Raymondville, TX 78580

$980,000

  • 2 beds
  • 2 baths
  • 520 sq ft
  • 38.79 acres
  • Built 1701

Listed by Capitol Ranch Real Estate · MLS #ACT1857268

7979 Goyo Garcia Rd, Raymondville, TX 78580 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1701.

Property size

38.79 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

The El Terco Shrimp Farm is available for sale!

This unique shrimp farm is an opportunity for a proven business venture or an exceptional recreational outdoor oasis.

This property could be a cash-flowing outdoor business or a turn-key personal outdoor recreation paradise for fishing, duck hunting, or anything you could dream up!

This shrimp farm has a long history of producing some of the best products found and has pushed the envelope of what can be done, earning the respect of their peers over many years.

Details:
The property consists of three (3) ponds, each seven (7) acres with a depth of 6 feet (average). Thus, twenty-one (21) acres of water are available for shrimp or fish. Each pond is equipt with six (6) wooden docks, a water valve, and a cement floodgate for harvesting and emptying of the ponds, eight (8) electric 2 hp aerators, four (4) electric 10 hp aerators, and one (1) large hp aerator, and twelve (12) trays for food sampling. All three ponds have electricity. The property is also equipped with a backup diesel generator capable of holding the entire 198 hp of the three ponds, and each pond has a motion sensor along the perimeter.

The water use of the ponds is provided by two (2) wells that are each 1000 feet deep and come with 40 hp water pump engine and a submergible 6-inch water pump. The electric wells work independently from each other

Other Improvements
Ranch house; 2 bedrooms/2 bathrooms
Covered parking
Storage building (50 feet x 60 feet), with a height of 13 feet and 15 feet.

There is a substantial list of equipment with this property. Reach out for a full list.
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THE NEIGHBORHOOD

Explore the location.

7979 Goyo Garcia Rd, Raymondville, TX 78580

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1701
Full baths
2
Half baths
0
Garage spaces
0
Heating
See Remarks
Appliances
See Remarks
Flooring
See Remarks
Fencing
See Remarks
Accessibility
See Remarks
Pool features
None
Subdivision
N/A
Parcel
10402
Elementary school
Outside School District
Middle school
Outside School District
High school
Outside School District

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$4,083.33
Cap rate—

Annual operating income: —

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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7979 Goyo Garcia Rd, Raymondville, TX 78580 · MLS #ACT1857268

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Listing information

MLS #ACT1857268 · Austin Board of Realtors

Listing brokerage: Capitol Ranch Real Estate
Listing agent: Colton Harbert

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.