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$550,000

18062 Fm 1062, Canyon, TX, 79015

PendingInfo
Beds3 Beds
Baths2 Bath
Baths2,230 Sq Ft
price_per_sqft$246.64 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
AppliancesDouble Oven, Dishwasher, Cooktop

Exterior

Lot Size4.54 acres

Building Information

Year Built1958
Roof Type105
Garage Spaces4

Land Information

APNR-645-0240-2550
SubdivisionSect 24 H & G N
Land UseResidential
Legal DescriptionSECT 24 H & G N BLK B5, 5 AC TR BEG 1267.9FT W OF SE COR OF SECT LESS .461 AC ROW, 4.5390 ACRES
Census Tract021900
Assessed Land Value$32,234
Assessed Improvement Value$361,553
Assessment Year2025

About this property

Step into this updated 3-bedroom, 2-bathroom farmhouse with newly remodeled primary bathroom, new windows, and paint. You will love the open concept with a large brick fireplace. Finished basement (not included in sq ft.) and sunroom, which would make great playrooms or optional living areas. With the 4.53 acres, there is also a 40 x 80 Quonset barn on a concrete slab. Lots of new fencing around property. Room for horses and show animals! There is a newly constructed 2 car carport that could easily be closed in and made a second garage space. Class 4 roof approx. one yr ago.

Investor Tools

$377,050Estimated Mortgage Balance
$42,950Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$361/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,236
$393,787
2025
$32,234
$361,553
$393,787
No

Tax History

Year
Tax Paid
Assessed Value
2018
$2,236
$393,787

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Conventional
$399,000
No
First
Jul 20, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$377,050
$42,950
10%
90%
$2,393/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,322/mo
$2,393/mo
$-1,071/mo
3.8%

City: Canyon

18062 Fm 1062 | Property Details | No Agent List