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$341,000

NAL Estimated Property Value

1602 N Silver Saddle DR, Kerrville, TX, 78028

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,650 Sq Ft
price_per_sqft$143.64 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Cooktop, Dishwasher, Disposal
FlooringLaminate

Building Information

Year Built1994
Garage Spaces2

Land Information

APN29729
Lot Number1
SubdivisionHorseshoe Oaks
Land UseResidential
Legal DescriptionHORSESHOE OAKS BLK 2 LOT 1
Census Tract960500
Assessed Land Value$25,000
Assessed Improvement Value$294,335
Assessment Year2025

About this property

3 bedrooms, 2 baths, 1,650 SF ranch. 2 car garage. Treed corner lot. Skylights, tile floors, security. Recent roof, appliances, water heater, master bath, windows. Covered back porch, private backyard, RV hookup and parking. Shop. Storage building. Not in flood zone. Key demographics vs Kerrville: 158 higher % property value growth, lower unemployment, lower median age. $2,350 taxes. Proforma $18,765 NOI, 9.83 1st year cash on cash, 7.92 CAP. 0.9 MI to I-10. 32 MI to Boerne, 60 MI to UTHSC SA.

Investor Tools

Property Icon
$341,000
Estimated Property Value
$224,700Estimated Mortgage Balance
$116,300Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,046 /month
Positive
Cash Flow Estimate:
$682 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$250/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,295
$319,335
2025
$25,000
$294,335
$319,335
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,295
$319,335

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$250,887
Yes
First
Dec 15, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$224,700
$116,300
34%
66%
$1,505/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Kerrville

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1602 N Silver Saddle DR | Property Details | No Agent List