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Days135Days on Market
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$2,800

1409 Highland Dr, San Marcos, TX, 78666

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,689 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.66 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Exhaust Fan, Electric Range, Electric Water Heater, Disposal, Oven, Refrigerator, Water Heater, Washer, Microwave, Range
FlooringTile

Exterior

Private PoolPrivate Pool

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces3

Land Information

APNR30496
Lot Number13
SubdivisionHighland Terrace I
Land UseResidential
Legal DescriptionHIGHLAND TERRACE, BLOCK 2, LOT 13 TAX CODES:SSM,WEU,WUS
Census Tract010703
Assessed Land Value$73,020
Assessed Improvement Value$225,281
Assessment Year2025

About this property

Welcome to 1409 Highland Drive, a fully renovated and move-in-ready rental home situated on the hill in the heart of San Marcos on a generous .55-acre lot. Conveniently located near Texas State University, the property offers easy access to campus, with a university shuttle stop approximately two blocks away. Schulle Canyon Natural Area and the LBJ Drive Trailhead are also nearby for hiking and outdoor recreation. This beautifully updated home features three bedrooms and two full bathrooms. Inside, you will find modern finishes, new tile flooring throughout, a striking fireplace surround, and a completely redesigned kitchen with leathered quartz countertops, shaker-style cabinetry, and new appliances, including a Bosch dishwasher, GE convection oven with air-fry capability, built-in microwave and vent hood, and brushed stainless-steel refrigerator. Both bathrooms feature coordinating quartz countertops, shaker-style cabinetry, custom glass shower doors, and updated lighting and plumbing fixtures. Major improvements include a new roof and gutters, new HVAC system, new water heater, updated whole-house plumbing, and all-new electrical wiring. Additional features include new windows and blinds, hardwired security cameras, and enhanced exterior lighting. The backyard offers a private pool area with a new pergola and concrete patio, new fencing, upgraded pool equipment, fresh landscaping, and newly planted trees, including a Mexican sycamore in the front yard and an Anacua tree in the backyard. This thoughtfully renovated home combines modern comfort, privacy, and convenient access to Texas State University, downtown San Marcos, parks, trails, shopping, and dining.

Investor Tools

Property Icon
$310,000
Estimated Property Value
$0Estimated Mortgage Balance
$310,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,860 /month
Positive
Cash Flow Estimate:
$620 /month

Interested in this property?

Mark Wolfington

RE/MAX GO - NB

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$678/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,588
$298,301
2025
$73,020
$225,281
$298,301
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,588
$298,301

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$470,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
N/A
+$1,640/mo
6.3%

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.

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: San Marcos

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1409 Highland Dr | Property Details | No Agent List