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$97,000

$104,000

206 E Summit Ave, Electra, TX, 76360

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,396 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$69.48 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
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

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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%

City: Electra