$207,000
NAL Estimated Property Value409 W Grove Street, Pilot Point, TX, 76258
$232,966 ARV
Off Market
Property Lead Type:
Off-Market ListAbsentee OwnerHigh EquityMove-In Ready
Highlights
Interior
AppliancesElectric Range, Microwave
FlooringCarpet, Laminate
Exterior
Lot Size5,227 sqft
Building Information
Year Built1950
Stories1
Roof Type105
Garage Spaces1
Land Information
APNR113270
Lot Number1
SubdivisionWhite
Land UseResidential
Legal DescriptionWHITE BLK 31 LOT 1 (W55' OF N96.65' INCL 16' ALLEY)
Census Tract020118
Assessed Land Value$35,282
Assessed Improvement Value$153,843
Assessment Year2025
About this property
Hard to find move in ready 3-2 under $140,000. House is located in a great area on the west side of Pilot Point. Moments from Isle Du Bois & Jordan Park. Walking distance from the vibrant Pilot Point town square.
Investor Tools
$207,000
Estimated Property Value
$63,680Estimated Mortgage Balance
$143,320Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$232,966
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,242 /month
Positive
Cash Flow Estimate:
$414 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$150/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$766
$189,125
2025
$35,282
$153,843
$189,125
No
Tax History
Year
Tax Paid
Assessed Value
2024
$766
$189,125
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$75,000
No
First
Nov 5, 2018
Dec 2048
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$63,680
$143,320
69%
31%
$450/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$450/mo
+$1,115/mo
9.1%
