All Forum Posts by: Jacob Benitez

Investment Info:

Single-family residence wholesale investment in Cleburne.

Purchase price: $5,995,000

📊📊 Developer Pitch Deck – 2490 W Henderson St, Cleburne TX
📍📍 Property Overview
•Address: Henderson St, Cleburne, TX 76033•Size: 107.32 Acres•Zoning: Approved for Single Family Residential•Potential: Up to 350 lots at 7,000 sq ft each•Terrain: Level – ideal for immediate development•Location: Prime growth corridor in Johnson County
💰💰 Deal Structure •Purchase Price: $5,995,000•Contracted Direct from Seller •Clean title & escrow via Patten Title (Kristin Blay)•Buyer to pay all closing costs•Assignment Fee included in pricing
🏗🏗 Subdivision Scope
•Lot Count: Up to 350 residential lots•Lot Size: Minimum 7,000 sq ft per lot•Utilities: Accessible – Electric, Sewer, & Water availbale•Estimated All-In Development Cost per Lot: $45,000•Project Type: Master-planned residential community
📈📈 Financial Outlook
•Purchase Price: $5,995,000•Total Estimated Development Cost: $15,750,000 (350 x $45,000)•Total Investment: $21,343,425•Projected Sales Revenue: $29,750,000 (350 x $85,000/lot)•Net Profit: ~$8,406,575•ROI: ~39.39%
🌟🌟 Why This Site?
• Level terrain = reduced grading costs
• Strong market demand in Cleburne & Johnson County
• Ideal for builders, developers, or investment groups
• Rapidly growing submarket with infrastructure expansion

How did you find this deal and how did you negotiate it?

Land.com negotiated down to my price by agreeing to use the seller's Title Company.

How did you finance this deal?

With an EMD lender, I have a signed agreement with the seller for a 30-day feasibility period during which I hold the exclusive right to market to my pool of developers and identify a qualified end buyer.

What was the outcome?

Just went under contract.