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$332,000

NAL Estimated Property Value

1135 N Penelope St, Belton, TX, 76513

$338,438 ARVInfo
Off MarketInfo
Beds5 Beds
Baths2 Bath
Baths2,651 Sq Ft
price_per_sqft$126.37 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Gas Water Heater, Water Heater
FlooringTile, Wood

Exterior

Exterior FeaturesCovered Patio
Lot Size12,423 sqft

Building Information

Year Built1945
Stories1
Roof Type105
Garage Spaces4

Land Information

APN93387
Lot Number2
SubdivisionAustin
Land UseResidential
Legal DescriptionAUSTIN, BLOCK 002, LOT 0002
Census Tract021702
Assessed Land Value$34,537
Assessed Improvement Value$225,463
Assessment Year2025

About this property

Maximize your ROI or upgrade your lifestyle with this incredible, high-flexibility property just minutes from the University of Mary Hardin-Baylor! Located on a prime corner lot at 1135 N Penelope St, this home is a rare gem perfectly suited for a large family or a savvy investor looking to capitalize on the booming student rental market. UNMATCHED VERSATILITY: This traditional home lives large. Need space? Use the formal dining as a 5th bedroom. Looking for income? The current owner has a proven track record of leasing rooms to students. The property features a separate front out-building—perfect as a private master suite with a study, a secluded home office, or a standalone rental apartment. PREMIUM FEATURES: The heart of the home is a massive chef’s kitchen with a huge center island, double ovens, cooktop, and built-in microwave—ideal for entertaining. Relax in the oversized family room anchored by a classic corner brick fireplace. Enjoy a mix of durable laminate, ceramic tile, and original hardwood floors that add timeless character. APARTMENT SPACE: The oversized garage isn't just for parking; it includes a private room with a kitchenette, ready-made as an additional rental unit or studio. With a separate carport for front-of-home parking and proximity to downtown Belton shopping and dining, this home offers convenience that is hard to beat. ACT FAST: Opportunities with this much income potential and square footage near the University do not last. Schedule your showing today!

Investor Tools

Property Icon
$332,000
Estimated Property Value
$138,771Estimated Mortgage Balance
$193,229Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$338,438
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,010 /month
Positive
Cash Flow Estimate:
$670 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$610/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,661
$260,000
2025
$34,537
$225,463
$260,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,661
$260,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$150,000
No
First
May 17, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$138,771
$193,229
58%
42%
$900/mo

City: Belton

1135 N Penelope St | Property Details | No Agent List