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$72,000

NAL Estimated Property Value

806 W oak, Olney, TX, 76374

$72,642 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,216 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$64.97 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesRefrigerator, Built-In Refrigerator, Gas Oven
FlooringHardwood, Vinyl

Exterior

Lot Size10,498 sqft

Building Information

Year Built1945

Land Information

APN8475
Lot Number3
Land UseResidential
Legal DescriptionHIGHLAND TERRACE - BLK 2, LOT 3
Census Tract950200
Assessed Land Value$7,090
Assessed Improvement Value$57,850
Assessment Year2025

About this property

Welcome to this charming 2 bedroom, 1 bath home located in a beautiful and established neighborhood in Olney, Texas. Offering approximately 1,200 square feet of living space, this mostly open-concept home has been updated with fresh neutral paint throughout, creating a bright and inviting atmosphere. The bathroom has received recent improvements, including a new shower insert, adding modern convenience to the home’s charm. Outside, you’ll find a storm cellar for extra peace of mind, along with a detached carport and workshop area that provides great potential with a little TLC. This home combines affordability, functionality, and small-town character, making it a wonderful opportunity for first-time buyers, downsizers, or investors.

Investor Tools

Property Icon
$72,000
Estimated Property Value
$57,803Estimated Mortgage Balance
$14,197Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$72,642
Rent-to-Value Ratio: 0.72%
Rent Estimate
$474 /month
Positive
Cash Flow Estimate:
$158 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$180/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,796
$64,940
2025
$7,090
$57,850
$64,940
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,796
$64,940

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Farmers & Merchants Bank
Investor Non-Conforming Loan
$58,000
No
First
Dec 29, 2025
Dec 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$57,803
$14,197
19%
80%
$426/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$943/mo
$426/mo
+$517/mo
15.7%

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: Olney

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806 W oak | Property Details | No Agent List