$225,900
24042 Spring Gum Dr, TX, 77373
On Market
Just Added
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
AppliancesDisposal, Refrigerator Included, Oven, Free-Standing Range, Gas Range, Dishwasher
FlooringCarpet, Tile
Exterior
Exterior FeaturesSide Yard
Lot Size6,599 sqft
Building Information
Year Built1983
Stories1
Garage Spaces2
Land Information
APN1109450000011
Lot Number11
SubdivisionNorth Spring
Land UseResidential
Legal DescriptionLT 11 BLK 6 NORTH SPRING SEC 5
Census Tract241101
Assessed Land Value$52,345
Assessed Improvement Value$180,738
Assessment Year2025
About this property
Thanks for showing this property, the neighborhood is well established, good location and schools. Open floor plan natural and passive lighting, decent backyard, easily maintainable home, accessible major highways and commercial establishments. Easily maintainable home. Ideal for starting or down-sizing families and those that have families around the area or are familiar with the neighborhood and schools.
Investor Tools
$86,499Estimated Mortgage Balance
$146,584Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,398 /month
Positive
Cash Flow Estimate:
$466 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$227/month
$220/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,561
$233,083
2025
$52,345
$180,738
$233,083
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,561
$233,083
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Willow Bend Mortgage Co
Fha
$112,917
Yes
First
Dec 11, 2015
Jan 2046
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$86,499
$146,584
62%
37%
$677/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,950/mo
$897/mo
+$1,053/mo
10.0%
