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$99,800

2209 E Mahala Avenue, Alton, TX, 78573

$129,740 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths999 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$99.9 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size11,644 sqft

Building Information

Year Built1978
Stories1
Roof Type112

Land Information

APNP1000-04-000-0337-00
Lot Number337
SubdivisionPalm Lake Estates Ut No. 4 - Sms
Land UseResidential
Legal DescriptionPALM LAKE ESTATES UT NO. 4 LOT 337
Census Tract024128
Assessed Land Value$69,864
Assessed Improvement Value$84,028
Assessment Year2026

About this property

Investor opportunity in Alton! This 3-bedroom, 1-bath home offers approximately 999 square feet of living space on a generously sized lot of approximately 0.27 acres, per property records. The home features a metal roof and brick veneer-style exterior updates, with plenty of potential for an experienced investor or renovation-minded buyer. The property requires repairs, including areas of weak flooring and possible subfloor damage. With its sizable lot and renovation potential, this property presents an opportunity to restore, reimagine, or explore other possibilities subject to local requirements. Property is being sold strictly as-is. Buyer to verify property condition, lot dimensions, and all relevant details.

Investor Tools

$36,320Estimated Mortgage Balance
$117,572Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$129,740
Rent-to-Value Ratio: 0.72%
Rent Estimate
$923 /month
Positive
Cash Flow Estimate:
$308 /month

Interested in this property?

Calvin Lyman

VIP Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$353/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,468
$153,892
2026
$69,864
$84,028
$153,892
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,468
$153,892

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Claudia Garcia
Purchase Money Mortgage
$40,000
No
First
Dec 14, 2021
Dec 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$36,320
$117,572
76%
24%
$240/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,310/mo
$240/mo
+$1,070/mo
10.2%

City: Alton

2209 E Mahala Avenue | Property Details | No Agent List