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$256,210

221 2nd Street, Wilmer, TX, 75172

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,444 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$128.12 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range
FlooringLaminate

Exterior

Lot Size22,664 sqft

Building Information

Year Built1982
Stories1
Roof Type105

Land Information

APN54005500020070000
Lot Number7
SubdivisionJ W Johnsons
Land UseResidential
Legal DescriptionJ W JOHNSONS BLK 2 LT 7 INT202300074099 DD04132023 CO-DC 0055000200700 4CT00550002
Census Tract016903
Assessed Land Value$75,000
Assessed Improvement Value$181,210
Assessment Year2025

About this property

REDUCED TO LOWEST PRICE TO SELL! CASH OR HARD MONEY ONLY! This home presents a fantastic opportunity for an investor or buyer seeking a property with great potential. With HALF OF AN ACRE, 3 Bedrooms, 2 Bathrooms this property is situated in an established neighborhood, enjoy excellent proximity to local restaurants, shopping, and major highways making this a convenient and well-connected location. This home offers significant potential for growth, value and enhancement, making it an ideal opportunity for those looking to invest in a prime location. With a little TLC this house can be turned into your dream home. Motivated Seller! Schedule your showing today.

Investor Tools

Property Icon
$256,210
Estimated Property Value
$0Estimated Mortgage Balance
$20,234Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,537 /month
Positive
Cash Flow Estimate:
$512 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$533/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,114
$256,210
2025
$75,000
$181,210
$256,210
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,114
$256,210

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texasbank
Unknown
$243,000
No
First
Apr 13, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$235,976
$20,234
7%
92%
$1,784/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,784/mo
+$188/mo
9.2%

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.

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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: Wilmer

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221 2nd Street | Property Details | No Agent List