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$128,000

NAL Estimated Property Value

351 N 1st Street, Point, TX, 75472

$166,400 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,328 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$77.56 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListARV FlipHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesTrash Compactor, Electric Range, Plumbed For Ice Maker, Refrigerator
FlooringCeramic Tile, Laminate, Wood

Exterior

Exterior FeaturesStorage
Lot Size43,386 sqft

Building Information

Year Built1963
Garage Spaces2

Land Information

APN4491
Land UseResidential
Legal DescriptionA0292 SUMMERLIN A S ACRES .996
Census Tract950200
Assessed Land Value$35,971
Assessed Improvement Value$91,447
Assessment Year2025

About this property

Cute older home on almost an acre with chain link fenced back yard; lovely hard wood floors, wood walls, large kitchen and bedroom; (Large second bedroom could also be used as a second living room). Kitchen is spacious and open with tons of cabinets and punch tin backsplash. Office for those working from home. Detached garage with storage and work area in back. Storage shed can also be used for animals; Large pecan trees. Home has extra insulation added in attic and beautiful cedar plank added to walls. Large bathroom with separate shower, built in drawers and cabinets, ceramic tile floor. French doors between dining room and den. Stained glass in front gable lights up. New Roof. New Survey; Adorable!

Investor Tools

Property Icon
$128,000
Estimated Property Value
$84,040Estimated Mortgage Balance
$43,960Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$166,400
Rent-to-Value Ratio: 0.72%
Rent Estimate
$768 /month
Positive
Cash Flow Estimate:
$256 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$153/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,197
$127,418
2025
$35,971
$91,447
$127,418
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,197
$127,418

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Financial Services Llc
Fha
$93,279
Yes
First
Mar 12, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$84,040
$43,960
34%
66%
$560/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: Point

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351 N 1st Street | Property Details | No Agent List