Last 24 Hours
$149,000
407 S Second St, Ganado, TX, 77962
$156,735 ARV
On Market
Just Added
3 Beds
2 Bath
1,064 Sq Ft
Single Family Residence
$140.04 / sqft
Built in 1989Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms 3
Bathrooms 2AppliancesDishwasher, Electric Range, Electric Water Heater, Other, Refrigerator, See Remarks, Some Electric Appliances, Range
FlooringVinyl
Exterior
Lot Size22,651 sqft
Building Information
Garage Spaces3
Land Information
APNR20435
Lot Number4-6
SubdivisionMenefee Ganado
Land UseResidential
Legal DescriptionMENEFEE GANADO, BLOCK 12, LOT 4-5-6, ACRES 0.52
Census Tract950100
Assessed Land Value$15,750
Assessed Improvement Value$112,170
Assessment Year2025
About this property
Unique Opportunity in Ganado! This charming 3-bedroom, 2-bath garage apartment sits on three corner lots directly across from Ganado Nursing & Rehabilitation. The upstairs living quarters offer plenty of space, while downstairs features a three-car garage and laundry area. Major updates are already complete, including new electrical and plumbing. With three lots, there’s excellent potential for additional improvements, expansion, or future development. A property with this much space and versatility is a rare find!
Investor Tools
$0Estimated Mortgage Balance
$127,920Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$156,734
Rent-to-Value Ratio: 0.72%
Rent Estimate
$894 /month
Positive
Cash Flow Estimate:
$298 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$252/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,387
$127,920
2025
$15,750
$112,170
$127,920
No
Tax History
Year
Tax Paid
Assessed Value
2025
$2,387
$127,920
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$127,920
100%
0%
$0/mo
12.4%