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NoAgentList RatingHow are grades calculated?Info
Days1069Days on Market
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$240,000

111 W Shelton St, Alvarado, TX, 76009

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,599 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$150.09 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Gas Range, Microwave, Refrigerator

Exterior

Lot Size8,769 sqft

Building Information

Year Built1985

Land Information

APN126.2431.00740
Lot Number1A,2A
Land UseResidential
Legal DescriptionLOT 1A,2A BLK 5 ORIGINAL TOWN
Census Tract130415
Assessed Land Value$42,500
Assessed Improvement Value$194,060
Assessment Year2025

About this property

This 3-bedroom, 2-bath home is situated on a spacious corner lot in the heart of Alvarado with convenient access to I-35W and US Highway 67. The functional floor plan offers comfortable living spaces, with the kitchen and guest bathroom featuring refreshed cabinetry and countertops. The home includes newer windows and a radiant barrier in the attic. Outside, you'll find a 2-car carport, two large storage sheds for additional storage, and a generously sized city lot with plenty of outdoor space. Whether you're looking for a primary residence or an investment opportunity, this property offers great potential in a convenient location.

Investor Tools

$224,849Estimated Mortgage Balance
$14,151Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month

Interested in this property?

Michelle Martin

JPAR - Burleson

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$552/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,431
$236,560
2025
$42,500
$194,060
$236,560
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,431
$236,560

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Fha
$225,834
Yes
First
Aug 9, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$224,849
$14,151
5%
94%
$1,422/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,422/mo
+$505/mo
9.7%

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: Alvarado

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