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$59,900

206 Retama Ave, Taft, TX, 78390

$77,870 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,240 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$48.31 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

BankruptcyPre-ForeclosureDeal ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
FlooringOther

Exterior

Lot Size10,193 sqft

Building Information

Year Built1960
Roof Type105
Garage Spaces1

Land Information

APN0185-0015-0006-000
Lot Number6
SubdivisionDriscoll Addn
Land UseResidential
Legal DescriptionDRISCOLL ADDN BLK 15 LOT 6
Census Tract010800
Assessed Land Value$32,679
Assessed Improvement Value$147,253
Assessment Year2025

About this property

**Bank-Owned Investment Opportunity in Taft!** This property is located in a popular, established area of Taft and offers an opportunity for a cash investor looking for their next renovation project. The home is in needs repairs and updating throughout and is being sold strictly **AS-IS, WHERE-IS**. The property features a good-sized lot, fenced yard, covered rear patio, and a garage conversion providing additional space. The surrounding homes are generally well maintained, making this an opportunity for an investor to renovate and bring the property back in line with the neighborhood. **Bank-owned property. Cash Only **

Investor Tools

$79,767Estimated Mortgage Balance
$100,165Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$77,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,080 /month
Positive
Cash Flow Estimate:
$360 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$254/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,143
$179,932
2025
$32,679
$147,253
$179,932
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,143
$179,932

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rally Cu
Conventional
$95,950
No
First
May 4, 2018
Jun 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$79,767
$100,165
55%
44%
$576/mo

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: Taft

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