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$270,000

1501 Johnson Road A, Iowa Park, TX, 76367

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,587 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.13 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Gas Cooktop
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size41,382 sqft

Building Information

Year Built1957
Roof Type105
Garage Spaces2

Land Information

APN6A31 001 00
Lot Number1
SubdivisionCountry Hills Est
Land UseResidential
Legal DescriptionLOT 1 BLK AC COUNTRY HILLS ESTATES SEC A
Census Tract013800
Assessed Land Value$29,000
Assessed Improvement Value$230,729
Assessment Year2025

About this property

This beautiful 3-bedroom, 2-bath, 1,587 sq. ft. home was built in 2021 and is truly move-in ready. The open-concept design features a spacious living and kitchen area with an island and pantry. The isolated primary suite offers a spacious bathroom and walk-in closet, while two additional bedrooms provide comfort for family or guests. All New carpet in all bedrooms. A separate utility room and two-car garage add everyday convenience. Situated on a corner lot with a fenced backyard, this property is perfect for both relaxation and entertaining. Enjoy the small-town charm of Iowa Park with quick access to Hwy 287, plus a short drive to Lake Iowa Park, Starbucks, and all the dining and shopping in nearby Wichita Falls. Modern construction, functional spaces, and an ideal location make this home a must-see!

Investor Tools

$109,463Estimated Mortgage Balance
$168,537Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,668 /month
Positive
Cash Flow Estimate:
$556 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$232/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,399
$259,729
2025
$29,000
$230,729
$259,729
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,399
$259,729

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primewest Mortgage Corp
Fha
$147,682
Yes
First
Apr 25, 2008
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$109,463
$168,537
60%
39%
$1,067/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,760/mo
$1,067/mo
+$693/mo
7.6%

City: Iowa Park

1501 Johnson Road A | Property Details | No Agent List