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$150,000

207 S 5th St, Highlands, TX, 77562

$195,000 ARVInfo
On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,032 Sq Ft
price_per_sqft$73.82 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

ARV FlipAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size15,002 sqft

Building Information

Year Built1946
Stories2
Garage Spaces2

Land Information

APN0582610000013
Lot Number4C,4D
SubdivisionHighlands Townsite
Land UseResidential
Legal DescriptionLT 4D & S 1/2 OF LT 4C BLK 16 HIGHLANDS TOWNSITE
Census Tract252901
Assessed Land Value$39,375
Assessed Improvement Value$111,420
Assessment Year2025

About this property

This 3-bedroom, 2-bath home sits on an 8,407 sq. ft. lot in the established Rolling Hills neighborhood. Investors and rehab specialists take note! Property is being sold AS-IS and offers a solid structure ready for renovation. Located in Highlands Townsite subdivision on an oversized 15,000 sq ft lot. This is a great opportunity for investors, flippers, or buyers seeking value-add projects with potential equity upside. Sitting on a spacious lot in a quiet neighborhood, the property is close to major roadways and everyday conveniences. With solid bones and plenty of space to reimagine, this home offers endless possibilities for renovation and return on investment. Properties in this pocket of Highland don’t last, especially at investor pricing. No repairs, no nonsense, and no utilities on! Come get it before someone else does. AS IS sale. Fixer-upper with potential. 3 bedrooms, 2 baths. No utilities on. Prime area. Priced for investment. Don't miss out on this opportunity!

Investor Tools

$37,192Estimated Mortgage Balance
$114,066Estimated Equity
79% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$195,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$905 /month
Positive
Cash Flow Estimate:
$302 /month

Interested in this property?

Rita Zarghami

NEXTHOME Premier Homes Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$66/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$36
$150,795
2025
$39,375
$111,420
$150,795
No

Tax History

Year
Tax Paid
Assessed Value
2024
$36
$150,795

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Peoples Choice Home Loan Inc
Credit Line (Revolving) / Heloc
$74,400
No
First
Feb 22, 2007
Mar 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$37,192
$140,808
79%
25%
$447/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$447/mo
+$1,779/mo
17.7%

City: Highlands

207 S 5th St | Property Details | No Agent List