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$158,000

NAL Estimated Property Value

720 Magnolia Ave, Crosby, TX, 77532

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,092 Sq Ft
price_per_sqft$137.36 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesFree-Standing Range

Exterior

Lot Size9,479 sqft

Building Information

Year Built1972
Stories1
Garage Spaces2

Land Information

APN1031880000009
Lot Number9
SubdivisionArcadian Gardens
Land UseResidential
Legal DescriptionLT 9 BLK 1 ARCADIAN GARDENS SEC 6
Census Tract252800
Assessed Land Value$68,730
Assessed Improvement Value$78,420
Assessment Year2025

About this property

Home is FHA buyer ready! The foundation has been repaired with a transferable warranty, and the exterior has just been painted, offering great curb appeal. This is your chance to make this home your own with minimal cosmetic updates needed inside to suit your liking. The home features 3 bedrooms, 1 full bath, and 1 half bath. The spacious fenced backyard is perfect for outdoor activities, and this is one of the few homes in the neighborhood with a 2-car garage. It’s an ideal place for any buyer to start their homeownership journey. Don't miss out on this opportunity!

Investor Tools

Property Icon
$158,000
Estimated Property Value
$153,329Estimated Mortgage Balance
$4,671Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$948 /month
Positive
Cash Flow Estimate:
$316 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$69/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$41
$147,150
2025
$68,730
$78,420
$147,150
No

Tax History

Year
Tax Paid
Assessed Value
2024
$41
$147,150

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Bank Of New York Trust Co Na
Stand Alone Second / Subordinate Position
$6,088
No
First
Aug 13, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$153,329
$6,671
4%
97%
$950/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$950/mo
+$772/mo
13.1%

City: Crosby