NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$170,111

NAL Estimated Property Value

505 Mc Canne St, Newark, TX, 76071

Off Market

1 Beds

2 Bath

896 Sq Ft

Single Family Residence

$172.99 / sqft

Built in 1965

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 1

Bathrooms Full 1.5

Garage Available

AppliancesDisposal, Gas Water Heater

FlooringLaminate

Exterior

Exterior FeaturesStorage

Lot Size13,155 sqft

Building Information

Year Built1965

Stories1

Roof Type158

Garage Spaces6

Land Information

APNA0093.9052.00

SubdivisionA-93 Ct Brush

Land UseResidential

Legal DescriptionA-93 CT BRUSH .302 ACRES

Census Tract150603

Assessed Land Value$52,489

Assessed Improvement Value$117,622

Assessment Year2025

About this property

Bring the Boat, RV & other Rec Toys. Weekend Getaway or a place to call Home. This has carport parking to store it. 1 Workshops one on Slab with heat & window AC. Coop on Pavers. Covered parking for 7 or enjoy the extra space as covered patio. This home is Minutes to Eagle Mountain Lake, River Valley Motocross, Boyd Raceway, Texas Motor Speedway plus still close enough to businesses & 287. Bring your creative touch to this Cottage Style home, 1.5 Bath, with spacious Living, plus Dining or 2nd Bed, Kitchen & Laundry. Outside Workshop with Electric & has Window AC & Gas Heater. You also have a metal storage building. Property is Fenced & Security Cameras plus stay with the property. Approx 2 miles to Eagle Mountain Lake an public boat ramp, park & fishing at South Wise County Park, plus other access to Eagle Mountain Lake. Buyer Agent & Buyer to confirm all information. Currently Tenant Occupied. Survey & T-47 included New Survey. Bring your carpentry skills. Selling As-Is no repairs.

Investor Tools

$170,111

Estimated Property Value

$142,870Estimated Mortgage Balance

$27,241Estimated Equity

16% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,021 /month

Positive

Cash Flow Estimate:

$340 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$165/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,132

$170,111

2025

$52,489

$117,622

$170,111

Tax History

Year

Tax Paid

Assessed Value

2024

$1,132

$170,111

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Texasbank

Conventional

$147,250

First

Sep 3, 2024

Oct 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$142,870

$27,241

16%

84%

$883/mo

Learn About the Market: Opportunity in Texas

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 This Area