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$248,000

NAL Estimated Property Value

506 E Mcfarland St, Grandview, TX, 76050

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,475 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$155.93 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
AppliancesDishwasher, Electric Range, Electric Water Heater
FlooringCarpet, Tile

Exterior

Exterior FeaturesStorage

Building Information

Year Built1998

Land Information

APN126.3265.03670
Lot Number1A
Land UseResidential
Legal DescriptionLOT 1A BLK 54 ORIGINAL TOWN GRANDVIEW AKA RAMSEY ADDN
Census Tract130501
Assessed Land Value$55,000
Assessed Improvement Value$180,032
Assessment Year2025

About this property

Check out this charming home located in the highly desirable Grandview Independent School District! Featuring 3 bedrooms and 2 bathrooms, this home offers a spacious and functional layout perfect for families, first-time buyers, or anyone looking for comfortable country-style living with room to breathe. You’ll love the open kitchen flowing into the huge living area, creating the perfect setup for entertaining guests or relaxing with family. Nice dining area with plenty of natural light. Large utility room adds extra convenience and storage space. The master suite features a walk-in closet and a handicap accessible walk-in shower designed for comfort and ease. Home is all electric for efficiency and simplicity.Outside you’ll find a nice carport with covered patio, perfect for enjoying mornings or evenings in the shade. Situated on a huge corner lot with mature shade trees, this property offers plenty of outdoor space and privacy. Additional 10x7 storage shed stays with the property for tools, lawn equipment, or extra storage needs. Great location, beautiful setting, and sought-after Grandview schools make this one a must see! Homes with this much lot space and functionality do not last long.

Investor Tools

Property Icon
$248,000
Estimated Property Value
$0Estimated Mortgage Balance
$248,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,488 /month
Positive
Cash Flow Estimate:
$496 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$196/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,118
$235,032
2025
$55,000
$180,032
$235,032
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,118
$235,032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$235,032
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
9.5%

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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506 E Mcfarland St | Property Details | No Agent List