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$391,000

NAL Estimated Property Value

1127 Leroy Pkwy, Elm Mott, TX, 76640

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,817 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$214.09 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Electric Cooktop, Gas Water Heater

Exterior

Exterior FeaturesRV Hookup, Storage
Lot Size17.74 acres

Building Information

Year Built1949
Stories1
Roof Type105
Garage Spaces4

Land Information

APN200454000084016
SubdivisionHolmes E W
Land UseAgriculture / Farming
Legal DescriptionHOLMES E W ACRES 17.744
Census Tract003401
Assessment Year2025

About this property

This property offers a three-bedroom, two-bath farmhouse-style residence situated on approximately 17.744 acres of improved land with coastal Bermuda grass pastures. Also includes a water well supplying two on-site tanks, supporting the land use needs. A 1,200 square-foot metal workshop with RV electrical hookup is located on the property, providing excellent space for equipment, hobbies, or storage. The home features natural woodwork throughout, a fireplace, and an attached two-car garage. The land is accented by mature oak trees, open coastal Bermuda grass acreage, and a secluded recreation area toward the back of the property. This wooded retreat is ideal for barbecuing, fishing, outdoor gatherings, or simply relaxing in a peaceful natural setting. Offering a rare combination of comfortable country living, functional workshop space, productive pastures, and outstanding recreational opportunities in a quiet rural environment.

Investor Tools

Property Icon
$391,000
Estimated Property Value
$0Estimated Mortgage Balance
$391,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,346 /month
Positive
Cash Flow Estimate:
$782 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$226/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$756
$309,758
2025
N/A
N/A
$325,350
No

Tax History

Year
Tax Paid
Assessed Value
2024
$756
$309,758

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$391,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
4.0%

Learn About the Market: Opportunity in Texas

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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: Elm Mott

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1127 Leroy Pkwy | Property Details | No Agent List