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$102,042

NAL Estimated Property Value

1406 E Cortez Dr, Wichita Falls, TX, 76306

$114,619 ARVInfo
Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,196 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$75.17 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Gas Oven, Gas Range
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size7,079 sqft

Building Information

Year Built1959
Roof Type105
Garage Spaces1

Land Information

APN3570 062 00
Lot Number23
SubdivisionSunset Terrace 1
Land UseResidential
Legal DescriptionLOT 23 BLK 3 SUNSET TERRACE 1
Census Tract013000
Assessed Land Value$9,500
Assessed Improvement Value$92,542
Assessment Year2025

About this property

Affordable and full of potential, this 3-bedroom home within City View ISD offers a spacious living area with plantation shutters, adding charm and natural light. The interior is ready for your personal touch. While the home could use some updates, it’s a solid canvas for fresh ideas. With good bones FHA and VA eligibility, this is an opportunity to create something special without breaking the bank! Carport and Fenced Backyard!

Investor Tools

Property Icon
$102,042
Estimated Property Value
$70,947Estimated Mortgage Balance
$31,095Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$114,618
Rent-to-Value Ratio: 0.72%
Rent Estimate
$612 /month
Positive
Cash Flow Estimate:
$204 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$104/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$740
$102,042
2025
$9,500
$92,542
$102,042
No

Tax History

Year
Tax Paid
Assessed Value
2024
$740
$102,042

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texoma Community Cu
Unknown
$72,000
No
First
Jul 7, 2025
Jul 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$70,947
$31,095
30%
70%
$432/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
$432/mo
+$868/mo
15.3%

City: Wichita Falls

1406 E Cortez Dr | Property Details | No Agent List