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$329,990

122 Clear Creek Dr, Red Oak, TX, 75154

Under ContractInfo
Beds3 Beds
Baths1 Bath
Baths1,984 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.33 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

BankruptcyAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size6,621 sqft

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces2

Land Information

APN72.9168.000.001.00.111
Lot Number1
SubdivisionWaterview Farms Ph Iv
Land UseResidential
Legal DescriptionLOT 1 WATERVIEW FARMS PH IV 0.152 AC
Census Tract060215
Assessed Land Value$55,000
Assessed Improvement Value$257,770
Assessment Year2025

About this property

SELLER OFFERING TO PAY $5000 IN CONCESSIONS!!! Welcome to this beautifully remodeled home - a 3-bedroom, 2-bath home on a coveted corner lot with a unique corner entry and brick accent walk up! Prime location across the street from a beautiful park with lake view (neighborhood amenities without the HOA restrictions and fees!). Every detail has been thoughtfully updated: NEW 30 YEAR ARCHITECTUAL SHINGLE ROOF (INSURANCE DISCOUNT!!!), all new stainless-steel appliances, luxury quartz countertops in kitchen and bathrooms, all new carpet throughout and nice wood look laminate in all the main areas. The home opens with a welcoming, high ceiling entry that leads to the living, dining, and kitchen areas. The fireplace in the living room provides a cozy touch while the windows in the dining room add natural light and warmth. The spacious kitchen overlooks the living and dining area which make this home the perfect place for hosting! The kitchen also features additional bar seating and nice sized pantry. The primary suite offers a spacious walk-in closet and a spa-like bath with dual sinks, a garden tub, and an all-new floor to ceiling tile walk-in shower with frameless glass and black fixtures. Outside enjoy the easy to maintain landscaping and beautiful tree covered yard. Outdoor living at its best being steps away from a park with walking paths, a playground, splash pad, and a serene lake! PRICED TO SELL and ready to be your new home! Not FHA eligible until August 27th.

Investor Tools

Property Icon
$342,000
Estimated Property Value
$231,350Estimated Mortgage Balance
$111,653Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$551/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,906
$312,770
2025
$55,000
$257,770
$312,770
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,906
$312,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rain City Capital Llc
Commercial
$231,350
No
First
May 28, 2026
Jun 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$230,683
$107,317
31%
67%
$1,388/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,650/mo
$1,388/mo
+$262/mo
5.8%

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: Red Oak

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122 Clear Creek Dr | Property Details | No Agent List