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$500,000

902 Kvanli Lane A, Farmersville, TX, 75442

$504,877 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,954 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.33 / sqft
Year BuiltBuilt in 1934

Property Lead Type:

Off-Market ListDeal ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesElectric Oven
FlooringOther

Exterior

Lot Size4 acres

Building Information

Year Built1934
Stories2

Land Information

APNR-6516-004-0540-1
Lot Number54
SubdivisionAbner Lee Survey
Land UseResidential
Legal DescriptionABS A0516 ABNER LEE SURVEY, SHEET 4, TRACT 54, 4.0 ACRES
Census Tract031102
Assessed Land Value$240,000
Assessed Improvement Value$201,252
Assessment Year2025

About this property

4 acres located just outside the growing city of Josephine with 3 income producing rental units. The older home has 3 bedrooms, 2 baths and large family room downstairs. There is an upstairs unit with 2 bedrooms, 2 baths, kitchen and living area. The singlewide trailer has 3 bedrooms and 2 baths. Rock and dirt road leads to the back of the acreage past a pond and an older barn. Located just inside Josephine ETJ in Collin County. Many options for this land and property. Tear down and build your dream home, keep as investment property as it is currently being used, or move your business here. The options are here. Bring your vision and see how this this property can work for you. 4 acres, Community ISD, outside city limits, easy access to Hwy 380 and Hwy 78.

Investor Tools

Property Icon
$500,000
Estimated Property Value
$0Estimated Mortgage Balance
$241,210Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$504,877
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$731/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,277
$441,252
2025
$240,000
$201,252
$441,252
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,277
$441,252

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Building Or Construction Loan
$272,000
No
First
Sep 20, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$258,790
$241,210
48%
52%
$1,631/mo

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.

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: Farmersville

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902 Kvanli Lane A | Property Details | No Agent List