B+

NoAgentList RatingHow are grades calculated?

1view

$210,000

116 Lou Street, Sulphur Springs, TX, 75482

$246,152 ARV

Off Market

3 Beds

2 Bath

1,840 Sq Ft

Single Family Residence

$114.13 / sqft

Built in 1971

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms 2

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Refrigerator

FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built1971

Garage Spaces2

Land Information

APNR000007820

SubdivisionLake Highlands Sec

Land UseResidential

Legal DescriptionLOT: 24 BLK: 222 4 ADDN: LAKE HIGHLANDS SEC 4 REVISED 110X140

Census Tract950500

Assessed Land Value$25,000

Assessed Improvement Value$207,650

Assessment Year2025

About this property

Welcome to your dream home in Lake Highlands addition! This property boasts 3 spacious bedrooms and 2 luxurious baths, perfect for any family or individual looking for a comfortable and welcoming living space. Your going to love the open floor plan. The spacious living room features a cozy fireplace. The adjoining dining area is perfect for entertaining guests, and the kitchen is complete with modern appliances, ample counter space, and plenty of storage. The primary bedroom includes a large walk-in closet, and a bath with a shower. The two additional bedrooms share a full bath. One of the standout features of this home is the fenced backyard, which offers ample room for outdoor activities and gatherings with friends and family. Whether you're hosting a barbeque or enjoying a quiet afternoon with a good book, you'll appreciate the privacy and tranquility that this space provides. Don't miss out on this incredible opportunity - schedule your showing today!

Investor Tools

$249,000

Estimated Property Value

$0Estimated Mortgage Balance

$38,643Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$246,151

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,494 /month

Positive

Cash Flow Estimate:

$498 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$182/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$941

$232,650

2025

$25,000

$207,650

$232,650

Tax History

Year

Tax Paid

Assessed Value

2025

$941

$232,650

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Nations Lending Corp

Usda

$222,222

Yes

First

May 25, 2023

Jun 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$210,357

$38,643

15%

84%

$1,333/mo

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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