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$172,950

198 Rhoades Ln, Springtown, TX, 76082

$224,835 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,652 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.76 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Tankless Water Heater

Exterior

Lot Size5.43 acres

Land Information

APN20322-003-000-50
Land UseAgriculture / Farming
Legal DescriptionACRES: 5.430 ABST: 322 SURVEY: CULWELL J W
Census Tract140410
Assessed Land Value$172,950
Assessment Year2025

About this property

3 Bed 3 Bath, Living, Dining, Kitchen house on 6.5 Acres. Large rooms with open concept floor plan. The whole house was completely rehabbed from foundation, to flooring, walls, paints, bathrooms so it's like a brand new home. Includes a storage shed, large 40x30 workshop, carport and an outbuilding. Bring your Cows, Goats, Horses and Chickens and enjoy the country experience with close proximity to the city.

Investor Tools

Property Icon
$172,950
Estimated Property Value
$241,875Estimated Mortgage Balance
$0Estimated Equity
-40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$224,835
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,038 /month
Positive
Cash Flow Estimate:
$346 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$282/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$172,950
2025
$172,950
N/A
$172,950
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$172,950

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$241,875
No
First
Feb 24, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$227,387
N/A
0%
131%
$1,451/mo

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: Springtown

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