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$246,000

615 Craig, Palmer, TX, 75152

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,450 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$155.17 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Refrigerator
FlooringCarpet

Exterior

Lot Size21,998 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces6

Land Information

APN65.4524.000.089.00.110
SubdivisionGreen Acs West- Rev
Land UseResidential
Legal Description89 GREEN ACS WEST 0.505 ACRES
Census Tract060105
Assessed Land Value$65,000
Assessed Improvement Value$135,000
Assessment Year2025

About this property

This home is in the great Palmer School district. The 3 bed 2 bath modular home has been upgraded with new floors and paint (inside and out), granite countertops, and a new roof on the home, garage, and gazebo. It has a 20x30 carport (big enough to fit an RV under), a 24x30 shop with power run out to it, and two single garage doors. The back half is fenced in with a chainlink fence and the yard boasts a lot of shade with the back porch and trees.

Investor Tools

Property Icon
$246,000
Estimated Property Value
$0Estimated Mortgage Balance
$45,482Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,476 /month
Positive
Cash Flow Estimate:
$492 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$461/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,298
$200,000
2025
$65,000
$135,000
$200,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,298
$200,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Fha
$196,377
Yes
First
Nov 28, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,518
$45,482
18%
82%
$1,282/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$1,282/mo
+$738/mo
9.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Palmer

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615 Craig | Property Details | No Agent List