$97,000
$104,000
206 E Summit Ave, Electra, TX, 76360
On Market
Price Drop
Property Lead Type:
Absentee Owner
Highlights
Interior
AppliancesDishwasher, Refrigerator
Exterior
Lot Size7,000 sqft
Building Information
Year Built1945
Roof Type105
Garage Spaces4
Land Information
APN7B10 101 00
Lot Number4
SubdivisionSouthland Addition
Land UseResidential
Legal DescriptionLOT 4 BLK 10 SOUTHLAND ADDITION
Census Tract013700
Assessed Land Value$2,590
Assessed Improvement Value$95,263
Assessment Year2025
About this property
This 1945 brick home features original hardwood floors, a large living room with fireplace, separate dining area, and a spacious kitchen with abundant cabinetry and counter space. Outside, a 2-car carport provides covered parking, while the detached garage has been converted into an air-conditioned workroom with electricity, ideal for projects, hobbies or additional workspace. With nearly 1,400 sq. ft., generous room sizes and plenty of character already in place, this home offers a solid opportunity!
Investor Tools
$323,601Estimated Mortgage Balance
$104,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$624 /month
Positive
Cash Flow Estimate:
$208 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$132/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,067
$72,646
2025
$2,590
$95,263
$97,853
No
Tax History
Year
Tax Paid
Assessed Value
2025
$1,067
$72,646
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texoma Community Cu
Unknown
$396,000
No
First
Oct 13, 2017
Nov 2032
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$323,601
N/A
0%
311%
$2,375/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,459/mo
$2,375/mo
$-916/mo
16.8%
