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B+
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$55,000

2405 Avenue E, Brownwood, TX, 76801

$71,500 ARVInfo
On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,507 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$36.5 / sqft

Property Lead Type:

BankruptcyPre-ForeclosureARV FlipAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesElectric Cooktop, Electric Oven

Exterior

Lot Size11,252 sqft

Land Information

APN56478
Lot Number5
SubdivisionSouthmore Terrace Addition
Land UseResidential
Legal DescriptionSOUTHMORE TERRACE ADDITION, BLOCK 4, LOT 5, PART 4
Census Tract950800
Assessed Land Value$10,130
Assessed Improvement Value$99,720
Assessment Year2025

About this property

Investor Special – 4 Bedroom, 2 Bath Opportunity! Bring your vision and renovation ideas to this 4-bedroom, 2-bath property featuring a functional floor plan, central HVAC slab foundation, and board-and-batten exterior. This property offers plenty of potential for an investor, renovator, or buyer looking to add value through improvements and updates. The home will need repairs and updating throughout, providing an opportunity to renovate and make it your own.

Investor Tools

$68,067Estimated Mortgage Balance
$131,933Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$71,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

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Jason Gray

Jason Gray Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$192/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,302
$109,850
2025
$10,130
$99,720
$109,850
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,302
$109,850

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aspire Financial Inc
Fha
$64,763
Yes
First
Sep 24, 2015
Oct 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$68,067
$131,933
65%
34%
$509/mo

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.

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: Brownwood

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