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$275,000

NAL Estimated Property Value

198 Merlin Way, Euless, TX, 76039

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,232 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.38 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Building Information

Year Built1984
Stories2

Land Information

APN27355----L--198---40
Lot Number198
SubdivisionMc Cormick Farm Addition
Land UseResidential
Legal DescriptionMC CORMICK FARM ADDITION BLOCK L LOT 198 & PART OF COMMON AREA
Census Tract113519
Assessed Land Value$50,000
Assessed Improvement Value$212,159
Assessment Year2025

About this property

Completely renovated in 2020*Located in highly desirable Grapevine-Colleyville ISD, this charming townhome features 2 spacious bedrooms up and 2.1 baths*Property upgrades include all new flooring and paint, new lights, & new ceiling fans*Both baths feature new vanities & mirrors*Remodeled kitchen features a new refrigerator, ss appliances, new granite countertops, and new cabinets*The spacious breakfast room overlooks the backyard*The cozy living room boasts a wood burning fireplace*Under the stairs storage*Fully landscaped backyard is easy to maintain*Close proximity to community pool and hiking & biking trails*Convenient to FRWYS 183, 114, 121, 360, and minutes to DFW Airport*All this townhome needs is you!

Investor Tools

Property Icon
$275,000
Estimated Property Value
$145,999Estimated Mortgage Balance
$129,001Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$318/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,435
$262,159
2025
$50,000
$212,159
$262,159
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,435
$262,159

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$164,000
No
First
Sep 15, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$145,999
$129,001
46%
53%
$984/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,850/mo
$984/mo
+$866/mo
8.1%

City: Euless

198 Merlin Way | Property Details | No Agent List