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$80,000

NAL Estimated Property Value

104 Michael Street, Cleveland, TX, 77328

$95,896 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths952 Sq Ft
price_per_sqft$89.29 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2

Exterior

Lot Size6,251 sqft

Building Information

Year Built1987

Land Information

APNR126464
Lot Number3
SubdivisionPhillips
Land UseMobile Home
Legal DescriptionPHILLIPS, BLOCK 18, LOT 3, ACRES .1435, MH LABEL# TEX0135347
Census Tract700100
Assessed Land Value$21,940
Assessed Improvement Value$49,860
Assessment Year2025

About this property

INVESTOR SPECIAL!!! 3 lots available with utilities one block off of the southbound feeder road and FM 2025 intersection of I-69 in Cleveland. Two manufactured homes are on lots 1 & 3. The home on lot 3 is in need of extensive repairs to be made livable again but recently had tenants before they moved out. The home on lot 1 is likely a tear down or will need to be moved. These lots are listed at lot value only with no added costs for the homes on site. No Survey available. Property is not located in a flood zone. However, property will have a cover of water in extreme flooding conditions. The deep ditches surrounding the properties will make for fast run off for flood waters. Homes on site have never been penetrated with water, according to owners and tenants in the past. These homes are grandfathered in with zoning restrictions in Cleveland. The City will not allow new manufactured homes. Contact the City for building ordinance for slab built, block and beam or modular homes allowed.

Investor Tools

Property Icon
$80,000
Estimated Property Value
$0Estimated Mortgage Balance
$80,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$95,895
Rent-to-Value Ratio: 0.72%
Rent Estimate
$510 /month
Positive
Cash Flow Estimate:
$170 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$105/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$858
$71,800
2025
$21,940
$49,860
$71,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$858
$71,800

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$80,000
100%
0%
$0/mo

City: Cleveland

104 Michael Street | Property Details | No Agent List