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$97,000

NAL Estimated Property Value

412 W Payne, Olney, TX, 76374

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,212 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$24.67 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1.5Bathrooms 1.5
AppliancesDishwasher, Electric Range, Vented Exhaust Fan
FlooringCarpet, Combination, Vinyl

Exterior

Lot Size9,100 sqft

Building Information

Year Built1955

Land Information

APN7925
Lot Number4
Land UseResidential
Legal DescriptionBLOODWORTH 1955 - BLK 1, W 65 FT OF LOT 4
Census Tract950200
Assessed Land Value$6,140
Assessed Improvement Value$69,010
Assessment Year2025

About this property

Two for the price of one investor special! Main property is 412 W Payne in Olney and it features a treed corner lot, wheelchair ramp leading to front porch and front door; 2 car attached carport with entry door leading into master bedroom; Spacious LR with vinyl sheet flooring that looks like wood; Dining room also has vinyl sheet flooring; Kitchen has a window ac unit, roll vinyl flooring, electric range, vent-a-hood, Formica countertops, ample cabinets, porcelain sink and a portable dishwasher; Utility room has full size washer and dryer connections; Huge sunroom or enclosed patio is 20 x 15 and has a door leading to a large, chainlink fenced backyard with alley access; 3 bedrooms; 1.5 baths; Jack-n-Jill main bath with tub-shower combo, Master bedroom has a half bath and a 10 x 10 walk-in closet; Roof and some ceilings have holes and need repairs; The additionally included property is 410 W Payne next door and it is 936 sq ft per tax records; Needs repairs; Sold AS-IS.

Investor Tools

Property Icon
$97,000
Estimated Property Value
$0Estimated Mortgage Balance
$97,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$582 /month
Positive
Cash Flow Estimate:
$194 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$103/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$749
$75,150
2025
$6,140
$69,010
$75,150
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$749
$75,150

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$97,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$943/mo
N/A
+$943/mo
11.7%

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: Olney

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412 W Payne | Property Details | No Agent List