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$260,000

118 Lorie St, Alvarado, TX, 76009

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,183 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$219.78 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringVinyl

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard
Lot Size8,939 sqft

Building Information

Year Built1981
Garage Spaces2

Land Information

APN126.2491.00040
Lot Number4
Land UseResidential
Legal DescriptionLOT 4 BLK 1 WOOLARD ADDITION
Census Tract130417
Assessed Land Value$42,500
Assessed Improvement Value$174,789
Assessment Year2025

About this property

Just like new and beautifully renovated, this 3-bedroom, 2-bath home is move-in ready and waiting for its new owners! NO HOA! The open-concept floor plan offers inviting spaces for everyday living and entertaining, both inside and out. Extensive updates include a newer roof and HVAC, new flooring, windows, doors, kitchen cabinetry, granite countertops, appliances, tiled showers, fresh interior paint, water heater, updated lighting, privacy fence, and much more. The owners paid attention to the details, adding thoughtful finishing touches throughout. The 2-car garage features a fresh epoxy-coated floor, while the large covered back patio offers a ceiling fan and fresh protective epoxy coating, creating the perfect space to relax or entertain outdoors. With extensive renovations already completed, this home offers the fresh feel of a newer property without the wait. Move in, unpack, and enjoy!

Investor Tools

$88,505Estimated Mortgage Balance
$131,495Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,560 /month
Positive
Cash Flow Estimate:
$520 /month

Interested in this property?

Nikki Skalsky

Keller Williams Johnson County

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$539/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,364
$217,289
2025
$42,500
$174,789
$217,289
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,364
$217,289

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pinnacle Bank
Commercial
$104,000
No
First
Mar 7, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$88,505
$131,495
59%
40%
$624/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$624/mo
+$1,303/mo
10.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Alvarado

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