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$252,000

NAL Estimated Property Value

1215 Rene Drive, Alvarado, TX, 76009

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,489 Sq Ft
price_per_sqft$157.82 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesStorage

Building Information

Year Built1991

Land Information

APN126.2380.02080
Lot Number8
Land UseResidential
Legal DescriptionLOT 8 BLK 3 LAKEVIEW ESTATES
Census Tract130417
Assessed Land Value$41,500
Assessed Improvement Value$210,023
Assessment Year2025

About this property

Lots of recent updates have been done in this 4 bedroom home that has 2 full bathrooms plus a sunroom. Exterior freshly painted, newly installed carpet and more. Walk into the large living area that has a brick wood burning fireplace to keep you warm this winter. There is an abundant amount of cabinets in this kitchen, stainless steel smooth top stove and microwave, corner sink, and plenty of space for your dining table too in the attached dining room. Spacious master bedroom with raised ceiling and large bathroom with double sinks, two walk in closets. Bedroom 2 has a large walk in closet and decorative shelves hanging above the windows. Bedroom 3 has newly installed carpet, and bedroom 4 was converted from the garage and has a great amount of closet space. Enjoy the sun room that looks out to the backyard and watch the kids play from under the covered patio in the backyard. Storage building in the backyard plus there is still room for more storage in the garage area.

Investor Tools

Property Icon
$252,000
Estimated Property Value
$248,948Estimated Mortgage Balance
$3,052Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,512 /month
Positive
Cash Flow Estimate:
$504 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$528/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,081
$251,523
2025
$41,500
$210,023
$251,523
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,081
$251,523

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$255,772
Yes
First
Nov 22, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$248,948
$3,052
1%
99%
$1,534/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,534/mo
+$393/mo
9.2%

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: Alvarado

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1215 Rene Drive | Property Details | No Agent List