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$337,000

NAL Estimated Property Value

3457 Newgate St, Midlothian, TX, 76065

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,848 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.14 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringLaminate, Vinyl

Exterior

Lot Size7,449 sqft

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces1

Land Information

APN54.5590.006.020.00.108
SubdivisionKensington Park Ph I
Land UseResidential
Legal Description20 6 KENSINGTON PARK PH I 0.171 ACRES
Census Tract060220
Assessed Land Value$80,000
Assessed Improvement Value$239,091
Assessment Year2025

About this property

Freshly Updated Lease Home! This beautifully refreshed home features fresh paint inside and out and all-new flooring throughout, including vinyl plank and laminate wood for easy care and style. The spacious kitchen is equipped with an electric range, built-in microwave, and dishwasher, plus plenty of counter space and cabinetry for storage. The inviting living area offers a wood-burning fireplace and ceiling fan, and it flows seamlessly into the kitchen and dining area. The dining space overlooks the backyard, complete with a recently replaced wood privacy fence and a covered patio—perfect for relaxing or entertaining. A second living area just off the kitchen offers flexible use as a game room, playroom, or home office. The home includes 3 bedrooms and 2 full baths, along with a 2-car garage. The primary suite boasts a walk-in closet, dual sinks, a garden tub, and a separate shower, while the secondary bedrooms each feature walk-in closets as well. Conveniently located near all levels of schools and just minutes from the new Tom Thumb grocery store currently under construction. SEE TRANSACTION DOCS FOR LEASE CRITERIA

Investor Tools

Property Icon
$337,000
Estimated Property Value
$67,528Estimated Mortgage Balance
$269,472Estimated Equity
79% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,022 /month
Positive
Cash Flow Estimate:
$674 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$479/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,060
$319,091
2025
$80,000
$239,091
$319,091
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,060
$319,091

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Genevieve Bouldin
Seller Carryback / Seller Financing / Seller Take-Back
$68,530
No
First
Jul 7, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$67,528
$269,472
79%
20%
$411/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$411/mo
+$1,609/mo
7.2%

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: Midlothian

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3457 Newgate St | Property Details | No Agent List