Street View

B+

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Owner Contacts

$192,200

1442 Johnson Drive, Rusk, TX, 75785

$229,706 ARV

Pending

3 Beds

3 Bath

1,884 Sq Ft

Single Family Residence

$101.91 / sqft

Built in 1950

Property Lead Type:

Off-Market ListHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3

Bathrooms 3

Exterior

Lot Size33,541 sqft

Building Information

Year Built1950

Garage Spaces3

Land Information

APN113219000

SubdivisionS Halbert Survey A-

Land UseResidential

Legal DescriptionA 344 BLK 806 TR 22 S HALBERT K11

Census Tract950900

Assessed Land Value$16,660

Assessed Improvement Value$175,540

Assessment Year2025

About this property

Investor Opportunity in Rusk! 3 bd/2 ba main home(1884 sqft) with a detached 1 bd/1 ba guest house plus a large ~40x37 three-bay shop/garage. Guest house is currently vacant and ready for use making this a great setup for rental income, house hacking, or multigenerational living. Property is in good overall condition with only light cosmetic updates needed and an estimated rehab of 10K–20K. Roof is approx 9 years old with no known issues, and the guest house features a metal roof in good condition. HVAC system is also around 9 years old with a recently replaced furnace circuit board. Water heater is approximately 2 years old, and plumbing lines were replaced within the last 5 years due to a freeze with no current issues. Electrical has been updated in the kitchen and guest house and the home sits on a pier and beam foundation with no known issues. Main home and guest house share utilities, offering a strong value-add opportunity with immediate income potential. This is an AS IS SALE

Investor Tools

$192,200

Estimated Property Value

$0Estimated Mortgage Balance

$122,393Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$229,706

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,153 /month

Positive

Cash Flow Estimate:

$384 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$124/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$532

$192,200

2025

$16,660

$175,540

$192,200

Tax History

Year

Tax Paid

Assessed Value

2025

$532

$192,200

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Finance Of America Mortgage Llc

Conventional

$85,000

First

Oct 23, 2017

Nov 2047

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$69,807

$122,393

63%

36%

$510/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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