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$374,710

NAL Estimated Property Value

197 Thomas Dr, Martindale, TX, 78655

Recently SoldInfo
10/09/26
Beds3 Beds
Baths2 Bath
Baths1,404 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$242.17 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt In Range, Dishwasher, Electric Water Heater, Disposal, Microwave
FlooringCarpet, Tile

Exterior

Exterior FeaturesNone
Lot Size1.00 acres

Building Information

Year Built1999
Stories1
Garage Spaces2

Land Information

APN1000842-041-000-00
Lot Number41
SubdivisionHopson Ranch Estates
Land UseResidential
Legal DescriptionHOPSON RANCH ESTATES, LOT 41, ACRES 1.001
Census Tract960501
Assessed Land Value$78,060
Assessed Improvement Value$296,650
Assessment Year2025

About this property

Great opportunity in Hopson Ranch in Martindale! This 3-bedroom, 2-bath home sits on a full acre just outside San Marcos, offering space, functionality, and exceptional value. Featuring two living areas and ample garage storage, the home provides flexible living options with room to grow. ***New roof installed July 2026*** Enjoy the charm of small-town living in Martindale—known for its relaxed pace, friendly community, and easy access to the San Marcos River, perfect for floating, kayaking, or unwinding outdoors. You’ll love the peaceful setting of Hopson Ranch while still being just minutes from shopping, dining, and everyday conveniences in San Marcos.

Investor Tools

Property Icon
$374,710
Estimated Property Value
$0Estimated Mortgage Balance
$374,710Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,248 /month
Positive
Cash Flow Estimate:
$749 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$606/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,400
$374,710
2025
$78,060
$296,650
$374,710
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,400
$374,710

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$380,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,631/mo
N/A
+$1,631/mo
5.2%

City: Martindale

197 Thomas Dr | Property Details | No Agent List