Last 24 Hours
$71,000
NAL Estimated Property Value1012 Covert Street, Palestine, TX, 75801
$85,538 ARV
Off Market
2 Beds
1 Bath
896 Sq Ft
$66.96 / sqftProperty Lead Type:
BankruptcyOff-Market ListHigh Equity
Highlights
Interior
Bedrooms 2
Bathrooms 1AppliancesElectric Range
FlooringCeramic Tile
Exterior
Lot Size4,356 sqft
Building Information
Year Built1900
Land Information
APN35815
Lot Number1B
SubdivisionTexas Land Company
Land UseResidential
Legal DescriptionTEXAS LAND COMPANY BLOCK B2 LOT 1B
Census Tract950600
Assessed Land Value$2,178
Assessed Improvement Value$58,757
Assessment Year2025
About this property
This adorable 2 bedroom home would make a perfect starter home or a fantastic addition to any rental portfolio. The backyard space is private and just the right size for family get togethers or just tossing a ball around. Easy access to shopping and restaurants and priced to sell.
Investor Tools
$71,000
Estimated Property Value
$28,055Estimated Mortgage Balance
$42,945Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$85,538
Rent-to-Value Ratio: 0.72%
Rent Estimate
$426 /month
Positive
Cash Flow Estimate:
$142 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$67/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$450
$60,935
2025
$2,178
$58,757
$60,935
No
Tax History
Year
Tax Paid
Assessed Value
2025
$450
$60,935
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
7s Homes Llc
Unknown
$30,000
No
First
Nov 22, 2022
Dec 2042
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$28,055
$42,945
60%
40%
$180/mo
12.4%