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B+
NoAgentList RatingHow are grades calculated?Info

$422,000

NAL Estimated Property Value

1117 Salado Oaks Dr, TX, 76571

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,916 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$234.34 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size21,876 sqft

Building Information

Year Built1996
Stories1
Roof Type105
Garage Spaces2

Land Information

APN147851
Lot Number4
SubdivisionSalado Oaks
Land UseResidential
Legal DescriptionSALADO OAKS, BLOCK 002, LOT 0004
Census Tract023405
Assessed Land Value$75,000
Assessed Improvement Value$335,301
Assessment Year2025

About this property

Beautifully Updated Modern Farmhouse-Style Home surrounded by Mature Trees on a LARGE HALF ACRE LOT! This well-kept property is nestled in a quaint Salado,Tx, neighborhood just minutes from downtown. The functional floorplan has a formal dining that could be a flex room and a large living room that flows easily to breakfast nook and kitchen. The 3 car garage gives extra space for a golf cart for nearby Mill Creek Golf Course or just exploring the golf cart friendly streets of Salado. Front porch and extended back patio provide plenty of room for relaxing or watching local wildlife. Centrally located 20 minutes from Georgetown and 40 minutes from Austin! Don’t wait to see this one!

Investor Tools

Property Icon
$422,000
Estimated Property Value
$327,526Estimated Mortgage Balance
$95,034Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,694 /month
Positive
Cash Flow Estimate:
$898 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$783/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,288
$410,301
2025
$75,000
$335,301
$410,301
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,288
$410,301

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$346,000
No
First
May 12, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$327,526
$82,775
20%
78%
$2,075/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$2,075/mo
$-385/mo
4.8%

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: Salado

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1117 Salado Oaks Dr | Property Details | No Agent List