$207,000
NAL Estimated Property Value5415 Commerce St, Wallis, TX, 77485
Off Market
Property Lead Type:
Absentee Owner
Highlights
Interior
AppliancesGas Cooktop, Gas Oven
Exterior
Lot Size11,286 sqft
Building Information
Year Built1932
Garage Spaces5
Land Information
APN12426
SubdivisionShelby-Frazer & Mccormick
Land UseResidential
Legal DescriptionA087 SHELBY-FRAZER & MCCORMICK
Census Tract760100
Assessed Land Value$19,951
Assessed Improvement Value$153,052
Assessment Year2025
About this property
Great investment property! Large .259 acre lot located directly off of HWY 36 and has many potential uses ...investment, commercial or residential. Or if you are looking for a project and enjoy restoring old homes. The house has an updated kitchen with granite counter tops, copper plumbing and metal roof. Laminate & title floors throughout. All appliances stay with the home including a commercial grade gas stove, refrigerator and washer/dryer. Home does not have working central air / heat and will require some electrical and cosmetic work. No flooding !
Investor Tools
$207,000
Estimated Property Value
$124,207Estimated Mortgage Balance
$82,793Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,242 /month
Positive
Cash Flow Estimate:
$414 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$404/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,818
$173,003
2025
$19,951
$153,052
$173,003
Yes (2024)
Tax History
Year
Tax Paid
Assessed Value
2024
$3,818
$173,003
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Conventional
$135,000
No
First
Feb 4, 2022
Mar 2052
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$124,207
$73,793
37%
60%
$810/mo
