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$185,000

1902 E Red River St, Victoria, TX, 77901

$240,500 ARVInfo
On MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,216 Sq Ft
price_per_sqft$83.48 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Must-SellDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Water Heater, Some Electric Appliances
FlooringTile, Vinyl, Wood

Exterior

Exterior FeaturesPrivate Yard
Lot Size10,010 sqft

Building Information

Year Built1951
Stories1
Roof Type105
Garage Spaces1

Land Information

APN09500-003-00100
Lot Number1
Land UseResidential
Legal DescriptionBON-AIRE LOT 1 BLOCK 3
Census Tract000602
Assessed Land Value$20,220
Assessed Improvement Value$186,240
Assessment Year2025

About this property

Take a look at this investment opportunity near the University & Hospital! This versatile property offers an outstanding opportunity for investors or owner-occupants looking to generate rental income. The main residence features 3 bedrooms, 1.5 bathrooms, beautiful hardwood floors, and a functional layout with plenty of potential. Adding even more value is a separate guest house featuring 2 bedrooms, 1 bathroom, a full kitchen, and its own private backyard. The guest house is currently rented, providing immediate rental income and making this property an attractive addition to an investment portfolio. Conveniently located near the university, hospital, shopping, dining, and other amenities, this property offers strong rental appeal and accessibility for students, medical professionals, families, or other tenants. With two separate living spaces and an existing tenant, this is a great opportunity to maximize rental income while owning a property in a highly desirable location. Live in the main home while collecting rent from the guest house, or utilize both units as income-producing rentals. Properties with this combination of location, flexibility, and rental potential are hard to find—schedule your showing today!

Investor Tools

$102,074Estimated Mortgage Balance
$115,926Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$240,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,308 /month
Positive
Cash Flow Estimate:
$436 /month

Interested in this property?

Brian Olguin

RE/MAX Land & Homes

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$400/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,708
$206,460
2025
$20,220
$186,240
$206,460
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,708
$206,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Purchase Money Mortgage
$127,500
No
First
Feb 17, 2017
Feb 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$102,074
$111,926
52%
47%
$765/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,503/mo
$765/mo
+$738/mo
8.3%

City: Victoria

1902 E Red River St | Property Details | No Agent List