$455,000
NAL Estimated Property Value1408 E County Rd 120, Midland, TX, 79706
$488,408 ARV
Off Market
Property Lead Type:
High Equity
Highlights
Interior
AppliancesElectric Water Heater, Electric Cooktop, Self Cleaning Oven
FlooringCarpet, Tile, Laminate
Exterior
Lot Size3.30 acres
Building Information
Year Built1993
Stories1
Garage Spaces6
Land Information
APNR000006362
Land UseResidence
Legal DescriptionACRES: 3.300 NE/4 SEC: 25 BLK: 39-T2S
Census Tract010124
Assessed Land Value$99,000
Assessed Improvement Value$325,770
Assessment Year2025
About this property
Nestled on serene country acreage, this spacious home offers comfort and versatility. Featuring a second living room and formal dining space, it's perfect for gatherings. The enclosed patio provides a cozy retreat, while the beautifully landscaped backyard invites outdoor relaxation. A large shop and multiple small shops provide endless possibilities for hobbies or storage. Embrace country living with modern convenience in this charming property a true haven for space, style, and functionality.
Investor Tools
$455,000
Estimated Property Value
$220,812Estimated Mortgage Balance
$234,188Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$488,407
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,997 /month
Positive
Cash Flow Estimate:
$999 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$616/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,111
$424,770
2025
$99,000
$325,770
$424,770
No
Tax History
Year
Tax Paid
Assessed Value
2024
$5,111
$424,770
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$240,000
No
First
Jan 4, 2022
Feb 2052
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$220,812
$234,188
51%
49%
$1,439/mo
