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$239,000

NAL Estimated Property Value

202 E Salty, Thorndale, TX, 76577

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,188 Sq Ft
price_per_sqft$193.6 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1.5Bathrooms 1.5
AppliancesRange, Refrigerator
FlooringLaminate, Tile

Exterior

Exterior FeaturesNone
Lot Size9,104 sqft

Building Information

Year Built1973

Land Information

APNR19779
Lot Number3
Land UseResidential
Legal DescriptionS14000 MICHALK CHARLES BLK 2 LOT 3 E PT
Census Tract950800
Assessed Land Value$43,150
Assessed Improvement Value$135,960
Assessment Year2025

About this property

Welcome to Thorndale proper. . . Here's a quaint 3 bedroom, 1 & 1/2 bath home on almost a 1/4 acre lot waiting for the right people to finish the updating. This 1973 built home features a brick front with masonite on 3 sides, and a 2015 composition shingle roof. Located a block and a half off of Main St. in downtown Thorndale. Park off the road in the carport and enter the home from the covered front porch, or from the carport into the utility room. Most of the interior of the home has been updated by the sellers. The living room has been opened up to create a better flow with the dining area and kitchen. The 3 bedrooms are of very nice size for its age. The 1/2 bath is thoughtfully located off of the primary bedroom. Let the young ones run and play or put in raised beds for a garden in the large fenced in back yard. The HVAC was replaced about the 2014-2015 timeframe. The home shows signs of settling consistent with the soil type and other homes in the area. There is deferred maintenance evident on the exterior. THERE IS A LOT THAT ADJOINS THE PROPERTY ON THE WEST SIDE THAT MAY BE PURCHASED ALONG WITH THE HOUSE FOR AN ADDITIONAL $50,OOO, OR WILL BE SOLD SEPARATELY ONCE THE HOUSE CLOSES. CORNER LOT .0.2092ac (67.50x135ft) MCAD PID #19693. This would make for a huge yard. ***Agents please read private remarks***

Investor Tools

Property Icon
$239,000
Estimated Property Value
$210,242Estimated Mortgage Balance
$28,758Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,434 /month
Positive
Cash Flow Estimate:
$478 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$306/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,472
$179,110
2025
$43,150
$135,960
$179,110
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,472
$179,110

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank
Conventional
$223,250
No
First
Feb 15, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$210,242
$28,758
12%
88%
$1,339/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$1,339/mo
+$749/mo
10.5%

City: Thorndale

202 E Salty | Property Details | No Agent List