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$119,000

NAL Estimated Property Value

1238 E Ringgold St, BROWNSVILLE, TX, 78520

Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths1,078 Sq Ft
price_per_sqft$118.27 / sqft
Year BuiltBuilt in 1986

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Indoor FireplaceIndoor Fireplace
Heating GasHeating Gas
AppliancesGas Water Heater

Exterior

Lot Size3,001 sqft

Building Information

Year Built1986
Stories1
Roof Type114

Land Information

APN01-5690-0580-0060-00
Lot Number6,S
SubdivisionParedes Tract Addition/Bella Vista Addit
Land UseResidential
Legal DescriptionPAREDES TRACT ADDITION LOTS 6 AND 23 BLK 58
Census Tract013801
Assessed Land Value$24,900
Assessed Improvement Value$23,676
Assessment Year2025

About this property

JUST REMODELED!! Investors, great cap rate above 10% in rarely available area! Two legally permitted properties in one with double income potential! Prior tenants in front (2/1) were paying $700, rear (1/1) were paying $500 p/m. Both homes enjoy full kitchen and dining areas with separate bedrooms, plus their own patio areas. Separate BPUB meters. Private gated rear entrance and parking accessible through alley. Nice lot size with tree shade. Ample room for spice garden, lime trees, flowers, landscape, hammocks, and outdoor furniture. In an up and coming area close to downtown currently being revitalized. If you choose to remodel, can enjoy upside in rental values. Live in one and collect rent from the other, or two families in separate homes on one lot. Lots of great uses and options! Bring your best offers, motivated out-of-state seller. Close distance to Linear Park, fitness trails, Farmer's Market, Ringgold Public Park, UTB University, Gladys Porter Zoo & expressway!

Investor Tools

Property Icon
$119,000
Estimated Property Value
$0Estimated Mortgage Balance
$119,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$765 /month
Positive
Cash Flow Estimate:
$255 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$132/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$994
$48,576
2025
$24,900
$23,676
$48,576
No

Tax History

Year
Tax Paid
Assessed Value
2025
$994
$48,576

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$119,000
100%
0%
$0/mo

City: BROWNSVILLE

1238 E Ringgold St | Property Details | No Agent List