Last 24 Hours
$75,000
507 S Indiana Ave, Weslaco, TX, 78596
On Market
2 Beds
1 Bath
816 Sq Ft
Single Family Residence
$91.91 / sqft
Built in 1968Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms 2
Bathrooms Full 1Exterior
Lot Size6,922 sqft
Building Information
Year Built1968
Stories1
Roof Type105
Land Information
APNW2300-00-039-0013-00
Lot Number13
SubdivisionWeslaco Original Townsite - Swl
Land UseResidential
Legal DescriptionWESLACO ORIGINAL TOWNSITE LOT 13 BLK 39
Census Tract022301
Assessed Land Value$53,653
Assessed Improvement Value$43,315
Assessment Year2025
About this property
Great opportunity to own a 0.16-acre lot in the heart of Weslaco! Located at 507 S Indiana Ave, this property sits in an established neighborhood just minutes from Downtown Weslaco and offers convenient access to shopping, dining, schools, and other local amenities. The property also features alley access, providing additional accessibility and flexibility for future development. Whether you're looking for a homesite or an investment opportunity, this centrally located lot offers plenty of potential in an established area of Weslaco.
Investor Tools
$0Estimated Mortgage Balance
$82,565Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$495 /month
Positive
Cash Flow Estimate:
$165 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$180/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,743
$82,565
2025
$53,653
$43,315
$96,968
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,743
$82,565
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$82,565
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$880/mo
N/A
+$880/mo
12.8%
12.4%