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$63,000

NAL Estimated Property Value

800 E Roosevelt Ave, Other, TX, 76360

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,372 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$41.55 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size7,000 sqft

Building Information

Year Built1940
Roof Type105

Land Information

APN7A20 449 00
Lot Number12
SubdivisionOriginal Town, E
Land UseResidential
Legal DescriptionLOT 12 BLK 166 ORIGINAL TOWN E
Census Tract013700
Assessed Land Value$2,590
Assessed Improvement Value$33,616
Assessment Year2025

About this property

Investor Opportunity in Electra, Texas. 800 E Roosevelt offers a prime chance to secure property in a market known for affordability and growth potential. Situated just off Highway 287, this location provides easy access to Wichita Falls, Vernon, and Amarillo, making it attractive to both tenants and future buyers. The city of Electra has been experiencing renewed interest with revitalization efforts underway, creating momentum for investors seeking strong returns in emerging Texas markets. This property is well positioned for multiple investment strategies. It can serve as a solid rental for steady cash flow, a value-add project for those who want to renovate and resell, or a long-term hold for appreciation as the market develops. Housing demand in the region continues to rise, and investors are taking advantage of low entry costs to secure assets that can deliver strong performance over time. With its location, flexible use, and potential for improvement, 800 E Roosevelt is exactly the type of opportunity that forward thinking investors are searching for. Whether your focus is buy and hold, fix and flip, or long term portfolio growth, this property checks the boxes for strategic acquisition. Opportunities at this price point are limited, and securing a property with this much upside potential is a smart move in today’s market.

Investor Tools

Property Icon
$63,000
Estimated Property Value
$52,342Estimated Mortgage Balance
$10,658Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$378 /month
Positive
Cash Flow Estimate:
$126 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$155/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,551
$36,206
2025
$2,590
$33,616
$36,206
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,551
$36,206

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Waggoner National Bank Of Vermon
Unknown
$76,000
No
First
Sep 26, 2012
Sep 2017

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$52,342
$10,658
16%
83%
$456/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,274/mo
$456/mo
+$818/mo
24.3%

Learn About the Market: Opportunity in Texas

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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.

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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: Other

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800 E Roosevelt Ave | Property Details | No Agent List