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$222,490

NAL Estimated Property Value

197 Skycrest Dr, Martindale, TX, 78655

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,280 Sq Ft
price_per_sqft$125 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesNone
FlooringCarpet, Laminate, Tile, Vinyl

Exterior

Exterior FeaturesNone
Lot Size21,780 sqft

Building Information

Year Built1998
Stories1

Land Information

APN1000877-000-107-00
Lot Number107
SubdivisionSkyview
Land UseResidential
Legal DescriptionSKYVIEW, LOT 107, ACRES .5
Census Tract960501
Assessed Land Value$32,000
Assessed Improvement Value$190,490
Assessment Year2025

About this property

Investor or rehab professional special! This cute 3/2 home is just waiting for the right person to come along and give it some love! With .5 acres just minutes from IH-35 and the Toll Road this is a gem! Property has been a rental for years and is being sold AS IS. Price reflects repairs needed. Seller had Septic Pumped 9/9/2021. Homes need work, roads are unpaved in neighborhood.Please email co-listing agent for questions and email offers to [email protected]

Investor Tools

Property Icon
$222,490
Estimated Property Value
$223,863Estimated Mortgage Balance
$19,137Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,335 /month
Positive
Cash Flow Estimate:
$445 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$403/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,719
$222,490
2025
$32,000
$190,490
$222,490
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,719
$222,490

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgageone Inc
Va
$230,000
Yes
First
Sep 23, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$223,863
$19,137
7%
101%
$1,379/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,631/mo
$1,379/mo
+$252/mo
8.8%

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: Martindale

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197 Skycrest Dr | Property Details | No Agent List