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$142,000

NAL Estimated Property Value

606 6th Street, Honey Grove, TX, 75446

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,089 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$108.26 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesElectric Range, Refrigerator
FlooringLaminate

Exterior

Lot Size4,138 sqft

Building Information

Year Built1947
Garage Spaces1

Land Information

APN95016
Lot Number201
Land UseResidential
Legal DescriptionCITY OF HONEY GROVE ADDN, BLOCK 35, LOT 201
Census Tract950100
Assessed Land Value$9,480
Assessed Improvement Value$111,030
Assessment Year2025

About this property

Super cute recently renovated cottage style home. Shiplap walls, fresh paint, replaced water heater, and all fixtures have been upgraded. Beautifully updated kitchen with chevron butcher block counter tops, bronze undermount farm sink, and new appliances. Plumbing, sewer, and electrical updated 2024. Split units in bedrooms (owner still placing condensers on exterior). Nice grassy backyard with covered patio ready for firepit season and entertaining. Carriage style 1 car garage and ample parking in the driveway is an added bonus! Home includes refrigerator. Owner still working on a few finishing touches and is willing to work with a buyer if they have reasonable specifics wants.

Investor Tools

Property Icon
$142,000
Estimated Property Value
$115,123Estimated Mortgage Balance
$26,877Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$852 /month
Positive
Cash Flow Estimate:
$284 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$116/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$686
$120,510
2025
$9,480
$111,030
$120,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$686
$120,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Fha
$117,727
Yes
First
Feb 7, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$115,123
$26,877
18%
81%
$706/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.

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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: Honey Grove

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606 6th Street | Property Details | No Agent List