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$621,000

NAL Estimated Property Value

1015 Welch Lane, Mabank, TX, 75156

Off MarketInfo
CommercialInfo
Beds23 Beds
Baths10 Bath
Multi FamilyMulti Family
Year BuiltBuilt in 1900

Highlights

Interior

Bedrooms 23Bedrooms 23
Bathrooms 10Bathrooms 10
AppliancesOther
FlooringOther

Exterior

Lot Size1.64 acres

Land Information

APN0242-0010-0000-50
SubdivisionAb 0242 M Garcia Sur
Land UseResidential
Legal DescriptionTR 1 AB 242 M GARCIA SUR, TR 1----(I/O)
Census Tract950601
Assessed Land Value$40,420
Assessment Year2025

About this property

Great Investment Opportunity. 10 space mobile home community tucked away with a sense of privacy. Community features 5 newer singlewide homes and 4 older singlewide homes along with a residential lot connected to neighboring community. Low maintenance with some long term tenants. Affordable housing is always in high demand. Great little property that cash flows well. Very close to Cedar Creek Lake. Property is in county but on city water and city sewer. Each tenant pays their own utilities. Don't miss this one!

Investor Tools

Property Icon
$621,000
Estimated Property Value
$506,780Estimated Mortgage Balance
$114,220Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,726 /month
Positive
Cash Flow Estimate:
$1,242 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$273/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$177
$40,420
2025
$40,420
N/A
$40,420
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$177
$40,420

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homebank Texas
Commercial
$580,000
No
First
Dec 26, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$506,780
$114,220
18%
82%
$3,478/mo

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.

Explore Texas Explore This Area
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: Mabank

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1015 Welch Lane | Property Details | No Agent List