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$175,000

5606 Business 78, Nevada, TX, 75173

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths780 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$224.36 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesElectric Range
FlooringLaminate, Wood

Exterior

Lot Size21,214 sqft

Building Information

Year Built1960
Stories2

Land Information

APNR-1031-006-001B-1
Lot Number1B
SubdivisionCopeville Original Donation (Gcn)
Land UseResidential
Legal DescriptionCOPEVILLE ORIGINAL DONATION (GCN), BLK 6, LOT 1B
Census Tract031102
Assessed Land Value$68,945
Assessed Improvement Value$290,005
Assessment Year2025

About this property

This property is currently being used as income producing with 3 rental units. The frame home has 3 bedrooms one bath and there is a small 3 room rental at the back as well as the singlewide trailer. This oversized half acre lot has big mature trees and offers privacy. Continue to update, add on to what is there, tear down and start from scratch. Option is yours. This is a good start. Would be a good starter home, fixer upper or continue to use as rental property. Great location with easy access to Hwy 78 between Lavon and Farmersville in the small community of Copeville. No city taxes, no ETJ, Collin County.

Investor Tools

Property Icon
$358,950
Estimated Property Value
$0Estimated Mortgage Balance
$358,950Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,154 /month
Positive
Cash Flow Estimate:
$718 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$296/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,756
$358,950
2025
$68,945
$290,005
$358,950
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,756
$358,950

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$358,950
100%
0%
$0/mo

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: Nevada

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5606 Business 78 | Property Details | No Agent List