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$347,802

NAL Estimated Property Value

1113&1115 E Canal Road, Highlands, TX, 77562

$452,143 ARVInfo
Off MarketInfo
Beds7 Beds
Baths4 Bath
Baths3,517 Sq Ft
price_per_sqft$102.36 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 7Bedrooms 7
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringCarpet, Tile

Exterior

Lot Size2.48 acres

Building Information

Year Built1962
Stories1
Garage Spaces7

Land Information

APN0591370000311
Land UseResidential
Legal DescriptionTR 2C BLK 73 ELENA FRUIT & COTTON FARMS A
Census Tract252902
Assessed Land Value$219,543
Assessed Improvement Value$128,259
Assessment Year2025

About this property

Price is for two homes at 1113 and 1115 E Canal with 2.48 acres. Front brick home is cozy 3/2 with detached oversized 2 car garage/workshop with carport. Bathrooms have been updated with tile flooring. Carpet in bedrooms. Family room and den. Central AC unit. Laundry inside. Back covered patio. Beautiful mature trees. Back double wide manufactured home is a nice open concept and spacious 4/2 with island kitchen. Nice porch decking with cover on front and back. Walk-in closets, carpet in bedrooms, high ceilings, large primary and secondary bathrooms. Laundry inside. Barn located in back yard. Storage building. Separate driveway access. Different address for mailing purposes.

Investor Tools

Property Icon
$347,802
Estimated Property Value
$3,120,333Estimated Mortgage Balance
$347,802Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$452,143
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,160 /month
Positive
Cash Flow Estimate:
$720 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$335/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,281
$347,802
2025
$219,543
$128,259
$347,802
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,281
$347,802

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bryan K Teel Ii Etal
Unknown
$3,430,000
No
First
Aug 30, 2021
Aug 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$3,120,333
N/A
0%
897%
$20,565/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$20,565/mo
$-18,843/mo
5.9%

City: Highlands