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$249,000

5950 Cherokee Ln, Malakoff, TX, 75148

$318,989 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,128 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$46.99 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Range
FlooringCarpet

Building Information

Year Built2003

Land Information

APN3690-0000-0030-30
Lot Number3
SubdivisionOak Hill Park (75)
Land UseResidential
Legal DescriptionAB 133 T CARO SUR, OAK HILL PARK LT 3, (LBL: NTA1237326-7 SRL: CV03AL0260480A-B)
Census Tract951102
Assessed Land Value$1,500
Assessed Improvement Value$144,256
Assessment Year2025

About this property

This is a 4 bedroom 2 bathroom doublewide mobile home. This house has many great features including a fireplace, large backyard, NO HOA, and convenient location to the lake. This could be a great rental. Investor, handyman special. It needs a little TLC. Sold as is, but this house has great potential. Exterior door for Office Mother in law quarters.

Investor Tools

Property Icon
$249,000
Estimated Property Value
$176,641Estimated Mortgage Balance
$0Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$318,989
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,494 /month
Positive
Cash Flow Estimate:
$498 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$226/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,472
$145,756
2025
$1,500
$144,256
$145,756
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,472
$145,756

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$176,641
Yes
First
Aug 28, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$342,230
N/A
0%
137%
$2,120/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: Malakoff

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