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$150,000

433 N Cherokee Shores Dr, Mabank, TX, 75156

$151,890 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,373 Sq Ft
DuplexDuplex
price_per_sqft$109.25 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Tankless Water Heater
FlooringCarpet, Laminate, Vinyl

Building Information

Year Built2006
Garage Spaces2

Land Information

APN2390-0001-0280-30
Lot Number28
SubdivisionCherokee Shores (4509)
Land UseResidential
Legal DescriptionLT 28 AB 132 G CHOVANNO SUR, CHEROKEE SHORES, SEC A LT 28
Census Tract950904
Assessed Land Value$9,500
Assessed Improvement Value$248,638
Assessment Year2025

About this property

Wonderful opportunity for an income producing property with two units, or live there and lease out the back unit. Super-clean and move in ready.Price incudes three parcels and all non-realty currently in the home.Two of the parcels are heavily wooded with mature trees.One parcel has a fenced in yard.There is a separate entrance to the 2nd unit featuring a living room, bedroom, and a kitchenette.Main unit is light and bright with a large, well appointed kitchen, 2 beds, 1 bath and LRThis is a Modular home built in 2006 in a quiet lake front community with a picnic area and access to Cedar Creek Lake.Minutes to Gun Barrel City Restaurants and shops.Beautifully built two car garage.Storm Shelter is in the Garage.

Investor Tools

Property Icon
$258,138
Estimated Property Value
$155,496Estimated Mortgage Balance
$114,021Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$151,889
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,549 /month
Positive
Cash Flow Estimate:
$516 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$288/month
$220/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,167
$258,138
2025
$9,500
$248,638
$258,138
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,167
$258,138

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Va
$155,496
Yes
First
Jun 14, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$144,117
$114,021
44%
56%
$933/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.

Explore Texas Explore This Area
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: Mabank

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433 N Cherokee Shores Dr | Property Details | No Agent List