Last 24 Hours
$119,900
116 W Mahan St, Richwood, TX, 77531
Under Contract
3 Beds
1 Bath
1,128 Sq Ft
Single Family Residence
$106.29 / sqft
Built in 1979Property Lead Type:
Off-Market ListDeal ListAbsentee OwnerHigh Equity
Highlights
Interior
Bedrooms 3
Bathrooms Full 5
Heating Electric
CoolingExterior
Lot Size5,759 sqft
Building Information
Year Built1979
Stories1
Roof Type105
Land Information
APN3200-0193-130
Lot Number1
SubdivisionDavidson Slater Place
Land UseResidential
Legal DescriptionDAVIDSON SLATER PLACE (A0066 J E GROCE TR 105A)(RICHWOOD) BLK 12 LOT 1C1-1F
Census Tract663700
Assessed Land Value$15,550
Assessed Improvement Value$64,450
Assessment Year2025
About this property
Opportunity awaits with this 3-bedroom, 1.5-bath home ready for your vision and updates. Providing a functional floor plan with plenty of potential for upgrades and improvements. Located in an established area, this home has never flooded, offering added peace of mind. With some TLC and updates, this property could become a great income-producing rental or a beautifully refreshed home.
Investor Tools
$75,812Estimated Mortgage Balance
$48,469Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$744 /month
Positive
Cash Flow Estimate:
$248 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$206/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,853
$80,000
2025
$15,550
$64,450
$80,000
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,853
$80,000
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$82,400
No
First
Feb 4, 2022
Mar 2052
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$75,812
$48,188
38%
61%
$495/mo
12.4%