132Days on Market

19view

$40,749

503 N Electra Street, TX, 76360

$52,974 ARV

On Market

3 Beds

1 Bath

1,248 Sq Ft

Single Family Residence

$32.65 / sqft

Built in 1940

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Garage Available

Heating

Cooling

Exterior

Lot Size7,000 sqft

Building Information

Year Built1940

Roof Type105

Garage Spaces1

Land Information

APN7A10 713 00

Lot Number15,16

SubdivisionOriginal Town, E

Land UseResidential

Legal DescriptionLOTS 15-16 BLK 77 ORIGINAL TOWN, E

Census Tract013700

Assessed Land Value$2,590

Assessed Improvement Value$6,012

Assessment Year2025

About this property

HANDYMAN INVESTORS! Don't miss the opportunity to invest in this house located in Electra, Texas! Take in Electra's small-town charm in this 3-bedroom home! It is approximately on 7,000 sq. ft. lot this home will have much to offer. Customize this home and its grand yard space to suit your lifestyle. With easy access to Hwy 287 you'll have easy access to neighboring Vernon and Wichita Falls. This property is being sold AS IS but it will have a NEW ROOF. We have many other homes in this area. When you call be sure and ask about our ELECTRA INVESTOR PACKAGES. We also MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream property. This property is part of an exclusive investor special package available for a limited time. Click the following link to learn more and seize this unique opportunity! >>Electra Package<< HANDYMAE

Investor Tools

$0Estimated Mortgage Balance

$40,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

$52,974

Rent-to-Value Ratio: 0.72%

Rent Estimate

$300 /month

Positive

Cash Flow Estimate:

$100 /month

Interested in this property?

Chet Polniazek

1st Texas Realty Services

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$49/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$384

$8,602

2025

$2,590

$6,012

$8,602

Tax History

Year

Tax Paid

Assessed Value

2024

$384

$8,602

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$40,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$943/mo

N/A

+$943/mo

28.3%

Learn About the Market: Opportunity in Texas

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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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