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$381,000

NAL Estimated Property Value

196 Magic Oaks Drive, Spring, TX, 77388

Off MarketInfo
Beds6 Beds
Baths4 Bath
Baths4,138 Sq Ft
price_per_sqft$91.83 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Gas Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Exterior FeaturesSide Yard
Lot Size17,629 sqft

Building Information

Year Built1968
Stories2
Garage Spaces2

Land Information

APN0985780000057
Lot Number57
SubdivisionEnchanted Oaks
Land UseResidential
Legal DescriptionLT 57 BLK 2 ENCHANTED OAKS SEC 1
Census Tract553401
Assessed Land Value$71,246
Assessed Improvement Value$282,626
Assessment Year2025

About this property

Rare and stunning 6 bed, 3 and 2 1/2 bath with 3 car garage home on a 17,630 sqft lot home in Enchanted Oaks. This home has two large living areas and a large formal dining all the bedrooms are large. The home has a new roof and 1 HVAC system is 1 yr old the 2nd is 5 yrs old) Waterheater is 5 yrs old . The kitchen offers double ovens, lots of cabinet space and a butlers pantry with separate breakfast room. Master bedroom is downstairs and offers a large master bath with dual sinks, large walking closet, stand up shower and tub, secondary bedroom can be used as an office as well. This home has a lot of value to offer for the price call us for a showing.

Investor Tools

Property Icon
$381,000
Estimated Property Value
$364,171Estimated Mortgage Balance
$16,829Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,286 /month
Positive
Cash Flow Estimate:
$762 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$584/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,100
$353,872
2025
$71,246
$282,626
$353,872
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,100
$353,872

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Leaderone Financial Corp
Fha
$373,117
Yes
First
Dec 1, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$364,171
$16,829
4%
96%
$2,330/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,180/mo
$2,680/mo
+$500/mo
10.0%

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: Spring

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