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$235,000

413 JESSICA ST. 74, MERCEDES, TX, 78570

Off MarketInfo
Baths0 Bath
Baths15,935 Sq Ft

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,749 sqft

Building Information

Year Built2017
Stories1
Roof Type105
Garage Spaces2

Land Information

APNM4023-01-000-0074-00
Lot Number74
SubdivisionMid-Valley Meadows Ph 1 - Smc
Land UseResidential
Legal DescriptionMID-VALLEY MEADOWS PH 1 LOT 74
Census Tract023105
Assessed Land Value$62,000
Assessed Improvement Value$166,236
Assessment Year2025

About this property

Only 44 residential lots available with minimal restrictions (1000 minimum living sq.ft / 1 car-garage homes). Prices range from $18,000 to $20,000. Easy access to Expressway 83, across from Rio Grande Premium Outlet Mall. **Owner Financing available with 10% down @ 10% interest with a 10 yr. Amortization**

Investor Tools

Property Icon
$235,000
Estimated Property Value
$0Estimated Mortgage Balance
$98,236Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,410 /month
Positive
Cash Flow Estimate:
$470 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$490/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,702
$228,236
2025
$62,000
$166,236
$228,236
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,702
$228,236

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Lending Corp
Va
$157,876
Yes
First
Jul 26, 2019
Aug 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$136,764
$98,236
41%
58%
$947/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,141/mo
$947/mo
+$194/mo
5.8%

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: MERCEDES

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413 JESSICA ST. 74 | Property Details | No Agent List