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$155,000

718 Dr Martin Luther King Jr Blvd, Waxahachie, TX, 75165

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths954 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$120.55 / sqft
Year BuiltBuilt in 1929

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
CoolingCooling
AppliancesBuilt-In Gas Range
FlooringNone

Exterior

Lot Size5,009 sqft

Building Information

Year Built1929
Stories1
Roof Type105

Land Information

APN90.4020.000.007.00.912
Lot Number7
SubdivisionFairview
Land UseResidential
Legal DescriptionLOT 7 FAIRVIEW 0.115 AC
Census Tract060400
Assessed Land Value$60,000
Assessed Improvement Value$55,079
Assessment Year2025

About this property

Welcome to your investment opportunity nestled in the heart of Waxahachie, TX! This cozy home boasts charm and potential, perfect for investors seeking a flip or passive income stream. With its prime location, this property offers convenience to local amenities and attractions, making it an attractive option for potential renters or future buyers. Don't miss out on the chance to turn this diamond in the rough into a lucrative investment!

Investor Tools

Property Icon
$155,000
Estimated Property Value
$145,500Estimated Mortgage Balance
$14,502Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$930 /month
Positive
Cash Flow Estimate:
$310 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$318/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,037
$115,079
2025
$60,000
$55,079
$115,079
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,037
$115,079

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Longleaf Lending Llc
Stand Alone First / Home Equity First Lien
$145,500
No
First
Jun 13, 2024
Jan 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$140,498
$14,502
9%
91%
$873/mo

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: Waxahachie

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718 Dr Martin Luther King Jr Blvd | Property Details | No Agent List