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$190,000

422 S Avenue C A, Elgin, TX, 78621

On MarketInfo
Beds2 Beds
Baths— Bath
Baths2,048 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms —Bathrooms —
CoolingCooling

Exterior

Lot Size26,441 sqft

Building Information

Year Built2012
Stories1
Roof Type105

Land Information

APNR12946
Lot Number91
SubdivisionS7800 - Smith, J S
Land UseResidential
Legal DescriptionSMITH, J. S., LOT 91 (115 X 230), ACRES 0.607
Census Tract950202
Assessed Land Value$167,371
Assessed Improvement Value$234,047
Assessment Year2025

About this property

This 0.79-acre property within city limits offers a flexible setup with duplex potential and plenty of room for future development. Zoned R-2 (Single Family & Duplex Dwelling District), the property allows for single-family or duplex construction. The existing mobile home requires significant repairs and is being sold as-is, making this an ideal opportunity for investors, builders, or buyers looking to renovate or redevelop. Property includes dual utilities and a survey is available. Located in a rapidly growing area with ongoing development nearby. Per the City of Elgin, commercial use is not permitted. A prior Specific Use Permit allows for mobile home park use, however, this use may be voided if the property is redeveloped or use is changed. Buyer to verify all information, including zoning, restrictions, and permitted uses with the City of Elgin. Property boundary lines shown in photos are approximate and for illustration purposes only.

Investor Tools

$14,621Estimated Mortgage Balance
$386,797Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,409 /month
Positive
Cash Flow Estimate:
$803 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$750/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,992
$401,418
2025
$167,371
$234,047
$401,418
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,992
$401,418

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frontier Bank Of Texas
Unknown
$19,975
No
First
Mar 31, 2014
Mar 2019

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$14,621
$386,797
96%
4%
$120/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,626/mo
$120/mo
+$1,506/mo
4.9%

City: Elgin