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$171,000

NAL Estimated Property Value

402 N Baker St, Ferris, TX, 75125

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths909 Sq Ft
price_per_sqft$154.01 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
CoolingCooling
AppliancesElectric Range, Refrigerator
FlooringLinoleum, Simulated Wood, Tile

Exterior

Exterior FeaturesStorage
Lot Size5,750 sqft

Building Information

Year Built1996
Stories1
Roof Type112

Land Information

APN29.2001.035.001.00.105
SubdivisionO T Ferris-Rev
Land UseResidential
Legal Description1 35 O T FERRIS 0.132 ACRES
Census Tract060104
Assessed Land Value$60,500
Assessed Improvement Value$85,728
Assessment Year2025

About this property

Transform this fixer-upper into a delightful cottage. A welcoming front porch beckons friends and family into an open concept living and dining area. The eat-in kitchen, bathed in natural light from lots of windows, features a spacious pantry and laundry connections. This 2-bedroom, 1-bathroom home has nice-sized, well-proportioned rooms. There's a large chain-linked, fenced yard, perfect for a family pet. The home has a durable metal roof, and the foundation appears solid. The home lacks cooling and heating. Easy remodel. Quiet neighborhood. Buyer should have the property inspected. Seller has limited information on the property condition. Buyer and agent to verify all information including but not limited to measurements, schools, room sizes, zoning and MLS data. Information is reliable but not guaranteed. ***Multiple offers received. Offer deadline June 23, 2024 at 5:00 pm.***

Investor Tools

Property Icon
$171,000
Estimated Property Value
$220,965Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,026 /month
Positive
Cash Flow Estimate:
$342 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$276/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,459
$146,228
2025
$60,500
$85,728
$146,228
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,459
$146,228

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Loan Store Inc
Conventional
$150,350
No
First
Aug 22, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$220,965
N/A
0%
129%
$1,370/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,370/mo
+$195/mo
11.0%

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: Ferris

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402 N Baker St | Property Details | No Agent List