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$338,000

1040 Elm Dr, Providence Village, TX, 76227

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,255 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$146.34 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Vented Exhaust Fan

Exterior

Lot Size5,419 sqft

Building Information

Year Built2003
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR246294
Lot Number8
SubdivisionProvidence Ph 1
Land UseResidential
Legal DescriptionPROVIDENCE PH 1 BLK E LOT 8
Census Tract020122
Assessed Land Value$89,414
Assessed Improvement Value$248,586
Assessment Year2025

About this property

Welcome to the Luxury Providence Village. This beautiful 4 bedroom 2.5 bath home offers 2,255 sq ft. Updated with luxury vinyl flooring, stainless steel appliances and granite countertops. The kitchen opens up to the living room for an open concept feel. Primary Bedroom downstairs with large ensuite bathroom. 3 guest bedrooms and another large living or game room upstairs. The community offers an abundance of amenities to enjoy to its residence, such as, parks, walking trails and even lakes for fishing! Close proximity to nearby restaurants and shopping. This move in ready house is a great opportunity to make it your HOME!

Investor Tools

Property Icon
$338,000
Estimated Property Value
$329,422Estimated Mortgage Balance
$26,167Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,028 /month
Positive
Cash Flow Estimate:
$676 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$737/month
$360/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,155
$338,000
2025
$89,414
$248,586
$338,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,155
$338,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Paramount Residential Mortgage Group
Fha
$329,422
Yes
First
Jun 26, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$311,833
$26,167
7%
92%
$1,976/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,680/mo
$2,336/mo
+$1,344/mo
13.1%

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.

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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: Providence Village

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1040 Elm Dr | Property Details | No Agent List