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$199,900

228 E 3rd St, Deer Park, TX, 77536

$250,248 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,962 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$101.89 / sqft
Year BuiltBuilt in 1937

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Cooktop, Oven
FlooringCarpet, Tile

Exterior

Lot Size12,502 sqft

Building Information

Year Built1937
Garage Spaces2

Land Information

APN0641480070021
Lot Number20,21
SubdivisionShell City
Land UseResidential
Legal DescriptionLTS 21 & 22 & E 25 FT OF LT 20 BLK 7 SHELL CITY
Census Tract342700
Assessed Land Value$57,500
Assessed Improvement Value$116,201
Assessment Year2025

About this property

DEER PARK * LOTS OF HOME FOR THE MONEY * 1962 SQ FT. COULD BE A 4/2/2 WITH OFFICE OR PLAY ROOM IN DESIRABLE DEER PARK SCHOOLS* ON HUGE CORNER LOT* VERY SPACIOUS HOME * 2 BEDROOMS ARE DOWN AND ONE BIG ONE UP THAT CAN BE SPLIT INTO TWO BEDROOMS UP* THERE IS ALSO A PLAY/STUDY ROOM DOWN * SPACIOUS DINNIG AREA OFF KITCHEN* VINYL SIDING * UPDATED CENTRAL AIR AND HEAT** PEX ** PLUMBING JUST REPLACED FEW YEARS AGO**

Investor Tools

$141,145Estimated Mortgage Balance
$124,855Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$250,247
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,596 /month
Positive
Cash Flow Estimate:
$532 /month

Interested in this property?

Michael Ramirez

M.J.R. Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$230/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,426
$173,701
2025
$57,500
$116,201
$173,701
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,426
$173,701

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Fha
$156,970
Yes
First
Apr 20, 2021
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$141,145
$124,855
46%
53%
$942/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$942/mo
+$978/mo
8.7%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Deer Park

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228 E 3rd St | Property Details | No Agent List