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$420,000

NAL Estimated Property Value

1228 Kiowa Drive W, Lake Kiowa, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,932 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.05 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size16,178 sqft

Building Information

Year Built1973
Roof Type105
Garage Spaces2

Land Information

APN15998
Lot Number1040
SubdivisionLake Kiowa Map 11
Land UseResidential
Legal DescriptionLAKE KIOWA MAP 11; LOT 1040
Census Tract000701
Assessed Land Value$98,733
Assessed Improvement Value$269,517
Assessment Year2025

About this property

Back on market! Buyers' financing fell through. No fault of the property! Adorable home in the desirable, private Lake Kiowa community! This home is spotless and so cute! The kitchen features a gorgeous butcher block bar counter, subway tile backsplash and luxury vinyl plank flooring. A newly installed sliding barn door leads to a new office or flex area and third bedroom. Open floorplan allows for easy entertaining! Oversized laundry-utility room with room for lots of shelves and a freezer or extra fridge. Extra parking for your boat or RV. Huge backyard with lots of room to play! Monthly dues include UNLIMITED golf for property owners on PGA rated course, 24 hour manned security at gated entrance, and much more. Come check it out today!

Investor Tools

Property Icon
$420,000
Estimated Property Value
$196,274Estimated Mortgage Balance
$223,726Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,520 /month
Positive
Cash Flow Estimate:
$840 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$510/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,022
$368,250
2025
$98,733
$269,517
$368,250
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,022
$368,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guy Etal
Unknown
$127,384
No
First
Jun 28, 2005
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$196,274
$223,726
53%
47%
$1,664/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$1,964/mo
$-914/mo
3.0%

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: Lake Kiowa

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1228 Kiowa Drive W | Property Details | No Agent List