$129,995
19898 Mitchell, Somerset, TX, 78069
On Market
Just Added
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Exterior
Lot Size1 acre
Building Information
Year Built1935
Stories1
Roof Type109
Garage Spaces3
Land Information
APN05597-000-0200
Lot Number20
SubdivisionCity Of Somerset
Land UseResidential
Legal DescriptionCB 5597 BLK LOT 20
Census Tract162003
Assessed Land Value$84,500
Assessed Improvement Value$88,050
Assessment Year2025
About this property
Opportunity awaits in Somerset! Situated on 1 acre, this property offers a spacious homesite with beautiful mature oak trees and plenty of room to make it your own. The existing home is in need of extensive renovation, with much of the interior already gutted and ready for a new vision. A great opportunity for an investor, renovator, or buyer looking for a project on a large lot. With its mature trees, generous outdoor space, and plenty of potential, this property offers a chance to create something special. Bring your ideas and come see the possibilities!
Investor Tools
$57,198Estimated Mortgage Balance
$139,802Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,182 /month
Positive
Cash Flow Estimate:
$394 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$227/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,743
$172,550
2025
$84,500
$88,050
$172,550
No
Tax History
Year
Tax Paid
Assessed Value
2025
$1,743
$172,550
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Community Bank
Arm (Adjustable Rate Mortgage)
$76,000
No
First
May 22, 2015
May 2045
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$57,198
$139,802
70%
29%
$456/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,631/mo
$456/mo
+$1,175/mo
9.9%
