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B+
NoAgentList RatingHow are grades calculated?Info

$214,000

NAL Estimated Property Value

505 E Mcfarland St, Grandview, TX, 76050

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,210 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$180.99 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Gas Range, Gas Water Heater, Microwave
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesOther
Lot Size15,246 sqft

Building Information

Year Built1945
Garage Spaces1

Land Information

APN126.3265.03620
Lot Number6-7
Land UseResidential
Legal DescriptionLOT 6,7 BLK 53 ORIGINAL TOWN GRANDVIEW AKA RAMSEY ADDN
Census Tract130501
Assessed Land Value$55,000
Assessed Improvement Value$45,361
Assessment Year2025

About this property

Cute remodeled home on a huge lot in town in Grandview. Desirable Grandview schools at a great price! This home has had it all! New HVAC system installed in January 2025. 2 big bedrooms and 1 good sized bathroom. Perfect starter or downsizer home. Fresh paint inside and out. New luxury vinyl plank flooring in the busy areas, tile in the bathroom, and carpet in the bedrooms. Good sized mud room. Nice new deck to enjoy those nice summer nights. Huge backyard is ready for whatever ideas you can come up with to implement. Check it out. Homes priced like this in Grandview dont last long.

Investor Tools

Property Icon
$214,000
Estimated Property Value
$215,143Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,314 /month
Positive
Cash Flow Estimate:
$438 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$268/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,141
$100,361
2025
$55,000
$45,361
$100,361
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,141
$100,361

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Fha
$215,033
Yes
First
Apr 21, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$215,143
N/A
0%
101%
$1,316/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,316/mo
+$656/mo
11.1%

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: Grandview

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505 E Mcfarland St | Property Details | No Agent List