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$109,000

194 Fernando St, MERCEDES, TX, 78570

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths952 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$27.84 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size3,798 sqft

Building Information

Year Built2018
Stories1
Roof Type105

Land Information

APNL5100-02-006-0014-00
Lot Number14
SubdivisionLlano Grande Lake Ut 2 - Swl
Land UseResidential
Legal DescriptionLLANO GRANDE LAKE UT 2 BLK 6 LOT 14
Census Tract022900
Assessed Land Value$23,180
Assessed Improvement Value$54,974
Assessment Year2025

About this property

2 bedroom, 2 bathrooms, 1 carport, located in a gated 55+ community next to Llano Grande golf course. *PROPERTY SOLD "AS-IS". SELLER WILL NOT MAKE REPAIRS, GIVE CREDITS OR PRICE REDUCTIONS* Utilities will not be turned on. Use Showing Manager to schedule all showings. ALL offers must be submitted by the buyer's agent using the online offer management system. (DO NOT SUBMIT OFFERS TO LISTING AGENT) A management fee of $180.00 will apply to the buyer's agent upon consummation of a sale. If the buyer is an Agent, NO commission will be paid. Access the system via the following link: www.PropOffers.com. PROPERTY MUST BE ON THE MARKET FOR 7 DAYS BEFORE SELLER WILL REVIEW ANY OFFERS.

Investor Tools

Property Icon
$109,000
Estimated Property Value
$0Estimated Mortgage Balance
$109,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$654 /month
Positive
Cash Flow Estimate:
$218 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$192/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,757
$78,154
2025
$23,180
$54,974
$78,154
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,757
$78,154

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$109,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,141/mo
N/A
+$1,141/mo
12.6%

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: MERCEDES

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194 Fernando St | Property Details | No Agent List