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$259,999

1000 Velvet Ct, Troy, TX, 76579

$261,929 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,480 Sq Ft
price_per_sqft$175.68 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Water Heater, Disposal, Refrigerator, Microwave
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesPatio, Private Yard, Rain Gutters
Lot Size9,448 sqft

Building Information

Year Built2022
Stories1
Roof Type105
Garage Spaces2

Land Information

APN511946
Lot Number52
SubdivisionCottonwood Creek Phase I
Land UseResidential
Legal DescriptionCOTTONWOOD CREEK PHASE I, BLOCK 002, LOT 0052
Census Tract020101
Assessed Land Value$45,000
Assessed Improvement Value$210,542
Assessment Year2025

About this property

This charming 3-bedroom, 2-bath home is tucked away on a quiet cul-de-sac in Troy. It sits on a spacious lot with a large backyard. The kitchen offers granite countertops, stainless steel appliances, and an upgraded sink. Recent updates include fresh paint throughout the main areas and primary bedroom, plus new luxury vinyl plank flooring in the master suite. Additional features include gutters on the entire home, a convenient double gate for trailer or boat access, and a smart home system. The neighborhood also has a community playground nearby. Move-in ready and waiting for you!

Investor Tools

$215,408Estimated Mortgage Balance
$40,134Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$261,928
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,560 /month
Positive
Cash Flow Estimate:
$520 /month

Interested in this property?

Ginger McEowen

Oaks of Texas Real Estate, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$465/month
$240/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,308
$255,542
2025
$45,000
$210,542
$255,542
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,308
$255,542

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Fha
$228,735
Yes
First
Mar 17, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$215,408
$40,134
15%
84%
$1,372/mo

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.

Explore Texas Explore This Area
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: Troy

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1000 Velvet Ct | Property Details | No Agent List