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$114,000

NAL Estimated Property Value

1116 W Howard, Olney, TX, 76374

$137,527 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,869 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$61.53 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListHigh EquityCash BuyersVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Oven, Microwave

Exterior

Exterior FeaturesBuilt-in Barbecue
Lot Size12,319 sqft

Building Information

Year Built1975

Land Information

APN8284
Lot Number1
Land UseResidential
Legal DescriptionRICHMOND 1ST - BLK 2, LOT 1
Census Tract950200
Assessed Land Value$8,310
Assessed Improvement Value$104,170
Assessment Year2025

About this property

Located on a spacious corner lot, this 3 bedroom, 2 bathroom home offers over 1,800 square feet of functional living space at an affordable price point. With a brand new roof installed in January 2026 and recent updates including fresh paint and fixtures, many of the major items have already been taken care of, allowing buyers to move in and make it their own over time. Inside, you’ll find two living areas, giving flexibility for a second living room, office, or playroom. The main living space features a beautiful stone fireplace, creating a comfortable place to gather. The layout is practical and livable, with generously sized bedrooms and plenty of room to spread out without taking on a major renovation project. The backyard is fully fenced and includes a covered patio and built-in smoker, perfect for relaxing evenings or weekend cookouts. This home is ideal for buyers looking for space, functionality, and value without stepping into a higher price point.

Investor Tools

Property Icon
$114,000
Estimated Property Value
$0Estimated Mortgage Balance
$114,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$137,526
Rent-to-Value Ratio: 0.72%
Rent Estimate
$690 /month
Positive
Cash Flow Estimate:
$230 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$189/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,701
$112,480
2025
$8,310
$104,170
$112,480
No

Tax History

Year
Tax Paid
Assessed Value
2022
$1,701
$112,480

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$114,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,274/mo
N/A
+$1,274/mo
13.4%

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: Olney

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1116 W Howard | Property Details | No Agent List