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$264,826

NAL Estimated Property Value

909 Mardi Gras Lane, Wylie, TX, 75098

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,242 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$157 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Plumbed For Ice Maker
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size8,146 sqft

Building Information

Year Built1964
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-1163-002-0270-1
Lot Number27
SubdivisionHoliday Terrace #1 (Cwy)
Land UseResidential
Legal DescriptionHOLIDAY TERRACE #1 (CWY), BLK 2, LOT 27
Census Tract031322
Assessed Land Value$70,000
Assessed Improvement Value$194,826
Assessment Year2025

About this property

Back on Market, buyer fell through! Charming, updated 1 story home in the heart of Wylie! Renovations were completed on this home a few years ago with flooring, roof, water heater, windows, stainless steel appliances, kitchen backsplash, along with an updated full bath. The converted garage allows for additional living space or can be used as an extra bedroom. The storage shed in the back is wired for electrical. The large backyard is perfect for entertaining and has mature fruit trees. Mardi Gras is conveniently located close to HWY 78 for easy access to George Bush, restaurants, and stores. Come make this your NextHome!

Investor Tools

Property Icon
$264,826
Estimated Property Value
$170,452Estimated Mortgage Balance
$94,374Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,589 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$424/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,761
$264,826
2025
$70,000
$194,826
$264,826
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,761
$264,826

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Fha
$191,468
Yes
First
Sep 1, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$170,452
$94,374
35%
64%
$1,148/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$1,148/mo
+$882/mo
9.2%

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: Wylie

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909 Mardi Gras Lane | Property Details | No Agent List