Last 24 Hours
$430,000
NAL Estimated Property Value6533 Us Highway 83, Ovalo, TX, 79541
Off Market
3 Beds
2 Bath
2,732 Sq Ft
$106.15 / sqft
Built in 1947Property Lead Type:
Off-Market ListAbsentee OwnerHigh Equity
Highlights
Interior
Bedrooms 3
Bathrooms Full 2
Indoor Fireplace
Heating Central
CoolingAppliancesDishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
FlooringLaminate, Tile, Wood
Exterior
Exterior FeaturesDog Run, Gray Water System, Rain Gutters, Garden
Lot Size3.10 acres
Building Information
Year Built1947
Stories1
Roof Type105
Land Information
APNA1296000300
SubdivisionSur 32 S P Ry Co
Land UseResidential
Legal DescriptionA1296 SUR 32 S P RY CO, BLOCK 1, ACRES 3.1
Census Tract013501
Assessed Land Value$47,873
Assessed Improvement Value$209,296
Assessment Year2025
About this property
Built in 1947 and updated in the last 10 years. 2,732 Square Feet 3 bedroom 2 full bath, mud room, back deck, living room with fire place, formal dining room. Pier and Beam, Septic, new roof in 2019. Located 5 miles South of Tuscola, TX. on Highway 83 in the Jim Ned Independent School District. Giant, Mature, Blackjack Oaks, Live Oaks, Pecan, Elm, Cedar, and Mesquite trees. Excellent stand of native grasses and forbes. House has a water meter. Rain collection system off the roof for garden. Older water well with windmill needs to re worked. Property is estimated to 3.2 acres will need to be surveyed.
Investor Tools
$430,000
Estimated Property Value
$237,492Estimated Mortgage Balance
$192,508Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,580 /month
Positive
Cash Flow Estimate:
$860 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$374/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,341
$257,169
2025
$47,873
$209,296
$257,169
No
Tax History
Year
Tax Paid
Assessed Value
2025
$2,341
$257,169
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$251,750
No
First
Apr 3, 2023
May 2053
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,492
$192,508
44%
55%
$1,510/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,360/mo
$1,510/mo
$-150/mo
3.8%
12.4%