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$239,997

2231 SUMMIT RD., LA FERIA, TX, 78559

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths1,860 Sq Ft
Multi FamilyMulti Family
price_per_sqft$142.47 / sqft
Year BuiltBuilt in 2022

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size5,580 sqft

Building Information

Year Built2022
Stories1
Roof Type114

Land Information

APN86-2231-0000-0850-00
Lot Number85
SubdivisionBridge Estates
Land UseResidential
Legal DescriptionLOT 85 BRIDGE ESTATES (2023 C1-4399 CCMR FILED 05/02/2022)
Census Tract010303
Assessed Land Value$47,988
Assessed Improvement Value$192,009
Assessment Year2025

About this property

Investor Alert ! Beautiful and affordable New Construction Duplex located in newly developed Bridge Estates in La Feria, Tx . Duplex features 2 bdrm & 2 bath ea. Amenities include wood-like tile & quartz countertops throughout, stylish lighting /kitchen & bath fixtures, indoor laundry space and includes all kitchen appliances. Exterior is fiber cement siding and stone, it will include grass in front and backyard, light landscaping, will be fully fenced and include sprinkler system in front yard. Property is in very close proximity to the Expressway, the RGV Premium Outlets, dining, and is located in the heart of the RGV ! Great investment opportunity as well as great idea for the savvy buyer to live in one and rent the other ! Don't miss out ! Current Taxes @CCAD do not reflect applic tx

Investor Tools

Property Icon
$239,997
Estimated Property Value
$0Estimated Mortgage Balance
$33,774Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$579/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,752
$239,997
2025
$47,988
$192,009
$239,997
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,752
$239,997

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
A&D Mortgage Llc
Unknown
$209,600
No
First
May 22, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$206,223
$33,774
14%
86%
$1,257/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$877/mo
$1,257/mo
$-380/mo
4.4%

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: LA FERIA

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