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$520,000

NAL Estimated Property Value

406 E 2nd Street, Corrigan, TX, 75939

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths4,359 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$86.03 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2.59 acres

Building Information

Year Built1955
Roof Type115

Land Information

APN10783002500
SubdivisionAbst 783 J Parrish Survey
Land UseResidential
Legal DescriptionABST 783 J PARRISH SURVEY TRACT 23
Census Tract210402
Assessed Land Value$52,715
Assessed Improvement Value$370,141
Assessment Year2025

About this property

Welcome to a unique property that beckons those seeking a tranquil, spacious, and communal living experience. The property boasts 5 bedrooms, 4 bathrooms, and an array of inviting common spaces. The layout has been thoughtfully designed with the comfort and convenience of residents in mind. Large windows flood the interiors with natural light. You can customize the space to suit your specific needs, making it an ideal canvas for your vision. Beyond its immediate potential as a group home or haven, this property also presents an excellent investment opportunity. With its prime location and versatile layout, it's sure to appreciate in value over time. Don't miss your chance to own a property that can make a difference in the lives of residents seeking a welcoming, comfortable, and safe environment. If you're ready to embark on this exciting journey, contact us today to schedule a viewing and explore the endless potential of this remarkable property!

Investor Tools

Property Icon
$520,000
Estimated Property Value
$236,566Estimated Mortgage Balance
$283,434Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,120 /month
Positive
Cash Flow Estimate:
$1,040 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$453/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,840
$422,856
2025
$52,715
$370,141
$422,856
No

Tax History

Year
Tax Paid
Assessed Value
2022
$2,840
$422,856

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hancock Whitney Bank
Conventional
$239,000
No
First
Oct 17, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$236,566
$283,434
54%
45%
$1,433/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.

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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: Corrigan

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406 E 2nd Street | Property Details | No Agent List