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$239,000

NAL Estimated Property Value

612 E Forest Ave, Shoreacres, TX, 77571

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,771 Sq Ft
price_per_sqft$112.87 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size9,749 sqft

Building Information

Year Built1961
Stories1

Land Information

APN0580600310021
Lot Number13
SubdivisionShoreacres
Land UseResidential
Legal DescriptionW 75 FT OF LT 13 BLK 31 SHOREACRES
Census Tract341700
Assessed Land Value$42,656
Assessed Improvement Value$138,031
Assessment Year2025

About this property

Beautiful home with large den, open concept kitchen with spacious dining area and kitchen. Split floor plan. Home has 4 bedrooms, master bedroom is now where the garage use to be so this home does NOT have a garage but does have storage building. Updated and redone after IKE. Home did get approximate 3-4 ft during Ike. Home has been beautifully redone. Tile and vinyl flooring through out den, high traffic areas, and tile in most wet areas, carpet ONLY in bedrooms. Generously sized lot with pool. Shoreacres has a private fishing pier. This is a must see!

Investor Tools

Property Icon
$239,000
Estimated Property Value
$147,924Estimated Mortgage Balance
$91,076Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,434 /month
Positive
Cash Flow Estimate:
$478 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$216/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,398
$180,687
2025
$42,656
$138,031
$180,687
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,398
$180,687

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$166,500
No
First
Aug 28, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$147,924
$97,076
39%
62%
$999/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$999/mo
+$723/mo
8.6%

City: Shoreacres

612 E Forest Ave | Property Details | No Agent List