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$414,900

119 Reba Rd, Heath, TX, 75032

PendingInfo
Beds3 Beds
Baths2 Bath
Baths2,246 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.73 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCeramic Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesOther
Lot Size12,197 sqft

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces2

Land Information

APN3060-0000-0069-00-0R
Lot Number69
SubdivisionAntigua Bay
Land UseResidential
Legal DescriptionANTIGUA BAY, LOT 69
Census Tract040511
Assessed Land Value$170,000
Assessed Improvement Value$292,561
Assessment Year2025

About this property

Welcome to a beautiful & fully-remodeled lakeside bungalow with a gorgeous sparkling pool flanked by tall trees and nice neighbors. The interior of this home will blow you away; the current owners have gone to great lengths to enhance time spent within its walls, and simply being inside is a delight for the senses. Beyond simply improving what is visible, the current owners have replaced THE ENTIRE PLUMBING SYSTEM UNDER THE HOUSE as well as reinforced and stabilized the foundation itself, ensuring long-lasting comfort for the new owners. The home has multiple living areas, meant for different purposes: whether you’re wanting your family and guests to gather under vaulted ceilings in the midst of interesting patterns and textures or you wish for people to hunker down in a more intimate setting and play cards or watch a movie, this home has it all. We’re confident you’ll love it here, where each space has been refined and improved with painstaking diligence and thoughtfulness. We invite you to come see!

Investor Tools

$256,748Estimated Mortgage Balance
$206,897Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,775 /month
Positive
Cash Flow Estimate:
$925 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$656/month
$75/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,564
$462,561
2025
$170,000
$292,561
$462,561
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,564
$462,561

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Michigan Mutual Inc
Fha
$292,602
Yes
First
Apr 23, 2020
May 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$256,748
$205,813
44%
56%
$1,755/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,830/mo
+$480/mo
6.0%

City: Heath

119 Reba Rd | Property Details | No Agent List