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$245,000

NAL Estimated Property Value

2158 FM 788, Plainview, TX, 79072

Off MarketInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths348,480 Sq Ft
price_per_sqft$0.71 / sqft

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
CoolingCooling

Exterior

Lot Size22,651 sqft

Building Information

Year Built1970
Roof Type106
Garage Spaces2

Land Information

APN54549
SubdivisionBailey Acc
Land UseResidential
Legal DescriptionBAILEY ACC 0044 ACRES .52
Census Tract000702
Assessed Land Value$60,035
Assessed Improvement Value$119,534
Assessment Year2025

About this property

Acreage in Plainview, Texas, presents a wealth of opportunity with two spacious barns, an old cotton gin, and two homes ready for renovation or flipping. The barns offer plenty of space for storage or farming, and all tools and equipment inside will convey with the property. The homes, while in need of some TLC, are perfect for investors or buyers looking to restore them to their full potential. Prime great location of land and limitless possibilities, this property is ideal. Located near Plainview amenities, it's a fantastic chance to make your mark. Main Barn Specs: (35' x 200') Front section: Insulated, Back section: Not Insulated; Tube Heaters installed; Natural Gas connection; 3-Phase Power for equipment use. Tools & Equipment Included: Mack Tools - Air tools, hydraulic tools, welders, torches, plasma torch; Big Machinery for bending and cutting metal; New Lift (working condition, but disassembled); Vehicles: Titles on hand - 2 Motorcycles, 2 Old Tractors. Back Barn (25' x 40') Don't miss out—schedule a showing today!

Investor Tools

Property Icon
$245,000
Estimated Property Value
$213,749Estimated Mortgage Balance
$31,251Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,494 /month
Positive
Cash Flow Estimate:
$498 /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
$2,441
$179,569
2025
$60,035
$119,534
$179,569
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,441
$179,569

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$232,323
No
First
Feb 22, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$213,749
$31,251
12%
87%
$1,393/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$1,393/mo
$-343/mo
5.1%

City: Plainview

2158 FM 788 | Property Details | No Agent List