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$266,000

NAL Estimated Property Value

1133 S OHIO AVE., MERCEDES, TX, 78570

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,400 Sq Ft
price_per_sqft$58.29 / sqft
Year BuiltBuilt in 1936

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesGas Water Heater
FlooringCarpet, Hardwood

Exterior

Lot Size42,101 sqft

Building Information

Year Built1968
Stories1
Roof Type112

Land Information

APNM3550-00-149-0004-00
Lot Number4,8
SubdivisionMercedes Original Townsite
Land UseResidential
Legal DescriptionH. P. MCNEIL'S LOTS 4 THRU 7 & E50' LOTS 8 THRU 10
Census Tract023000
Assessed Land Value$143,140
Assessed Improvement Value$120,559
Assessment Year2025

About this property

Lovely home with lots of character! Built in or around 1936 with approximately 2400 sq. ft. according to sellers. (it's been added on to a couple of times) The 10'4" ceilings, hard wood floors in the living and dining rooms, and partial wrap around porch are typical of this era home. The home is on pier and beam and has been leveled. The kitchen is a dream working kitchen with a huge island, cabinets galore, gas rage, pantry and wood deck off the kitchen. What a wonderful kitchen for the cook or baker in the family. The home includes 3 bedrooms and 2 bathrooms. Additionally there is a second living area, office and laundry room. Central Air & heat plus natural gas wall heaters.

Investor Tools

Property Icon
$266,000
Estimated Property Value
$122,016Estimated Mortgage Balance
$143,984Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,596 /month
Positive
Cash Flow Estimate:
$532 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$293/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,188
$129,825
2025
$143,140
$120,559
$263,699
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,188
$129,825

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Fha
$127,645
Yes
First
Sep 28, 2018
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,016
$143,984
54%
46%
$858/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,257/mo
$858/mo
+$399/mo
5.7%

City: MERCEDES

1133 S OHIO AVE. | Property Details | No Agent List