Last 24 Hours
$286,000
NAL Estimated Property Value507 E Cook St, Josephine, TX, 75189
Off Market
3 Beds
— Bath
1,232 Sq Ft
Unimproved Land
Built in 1984Highlights
Interior
Bedrooms 3
Bathrooms —
Heating Central
CoolingExterior
Lot Size1.10 acres
Building Information
Year Built1984
Land Information
APNR-6709-000-0520-1
Lot Number52
SubdivisionJohn Pennington Survey
Land UseResidential
Legal DescriptionABS A0709 JOHN PENNINGTON SURVEY, TRACT 52, 1.1 ACRES
Census Tract031201
Assessed Land Value$93,500
Assessed Improvement Value$70
Assessment Year2025
About this property
This cleared and level vacant lot offers a fantastic opportunity for your next business venture. With water and electricity already available on-site, the property is ready for immediate development. The lot is situated in a high-traffic area, providing excellent visibility and accessibility to potential customers. Perfectly positioned for commercial use, this property is ideal for retail, office space, or other business operations, with direct access to FM 6. Only eight miles to I-30, 8 miles to U.S. 380, and 7 miles to Hwy. 78.
Investor Tools
$286,000
Estimated Property Value
$159,841Estimated Mortgage Balance
$126,159Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$255/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,635
$93,570
2025
$93,500
$70
$93,570
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,635
$93,570
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens National Bank Of Texas
Unknown
$168,000
No
First
Sep 8, 2023
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$159,841
$126,159
44%
56%
$1,008/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,570/mo
$1,008/mo
+$1,562/mo
10.8%
12.4%