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$222,000

NAL Estimated Property Value

1012 Old Park Road, Ennis, TX, 75119

Off MarketInfo
Baths1,194 Sq Ft
RanchRanch
Year BuiltBuilt in 1940

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central

Exterior

Lot Size17.89 acres

Building Information

Year Built1940
Stories1
Roof Type105

Land Information

APN99.0036.000.025.00.103
SubdivisionJoe Boren
Land UseResidential
Legal Description36 JOE BOREN 17.895 ACRES
Census Tract061100
Assessed Land Value$13,444
Assessed Improvement Value$170,420
Assessment Year2025

About this property

A beautiful Texas ranch in the same family since 1891. This 18.353 acre ranch is very secluded with scenic views. The property features three ponds, an old farmhouse, two barns, a loafing shed for cattle and horses, and a fenced pasture. With over 1,000 feet of road frontage, everyone in the family can have their own separate homesite. The existing farmhouse needs extensive work, but it could be improved if you have the skill. To the southeast of the property is Lake Bardwell, to the west is hundreds of acres of farmland. There is an old cistern well, but it is not the source of water for the home. A copy of the survey is available upon request.

Investor Tools

Property Icon
$222,000
Estimated Property Value
$266,848Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$308/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,589
$183,864
2025
$13,444
$170,420
$430,908
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,589
$183,864

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Community National Bank & Trust Of Texas
Purchase Money Mortgage
$280,000
No
First
Oct 25, 2023
Oct 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$266,848
N/A
0%
120%
$1,679/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,679/mo
+$293/mo
10.7%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Ennis

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1012 Old Park Road | Property Details | No Agent List