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$233,000

NAL Estimated Property Value

705 Ivy Ave, McAllen, TX, 78501

$302,900 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,370 Sq Ft
price_per_sqft$99.16 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Water Heater, Other, Water Heater
FlooringHardwood, Tile

Exterior

Private PoolPrivate Pool
Lot Size10,624 sqft

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces3

Land Information

APNR0700-00-008-0003-00
Lot Number3
SubdivisionRamona Park - Sml
Land UseResidential
Legal DescriptionRAMONA PARK LOT 3 & W 9' OF 4 BLK 8
Census Tract021003
Assessed Land Value$76,507
Assessed Improvement Value$120,887
Assessment Year2025

About this property

Discover this charming home in the heart of McAllen, located in a well-established neighborhood just off 10th Street and Hackberry. From the moment you step inside, the home welcomes you with warmth, character, and a comfortable atmosphere that truly feels like home. The spacious living areas offer the perfect setting for everyday living and entertaining family and friends. A dedicated game room adds even more space to relax and have fun, and the pool table will convey with the sale. Step outside to your private backyard retreat featuring a large pool with new water pump and plenty of space to lounge, grill, and enjoy the South Texas sunshine. Combining charm, comfort, and a prime location, this home is a wonderful opportunity you won’t want to miss.

Investor Tools

Property Icon
$233,000
Estimated Property Value
$130,458Estimated Mortgage Balance
$103,245Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$302,900
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,410 /month
Positive
Cash Flow Estimate:
$470 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$409/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,741
$197,394
2025
$76,507
$120,887
$197,394
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,741
$197,394

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Tessa Real Estate Holdings Llc
Purchase Money Mortgage
$140,000
No
First
Aug 31, 2022
Sep 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$130,458
$112,542
46%
56%
$840/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,170/mo
$840/mo
+$330/mo
6.0%

City: McAllen

705 Ivy Ave | Property Details | No Agent List