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$220,000

NAL Estimated Property Value

20042 Fm 500, Richland Springs, TX, 76871

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,530 Sq Ft
FarmFarm
price_per_sqft$55.49 / sqft
Year BuiltBuilt in 1994

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Range, Refrigerator
FlooringLaminate

Exterior

Exterior FeaturesStorage
Lot Size2.78 acres

Building Information

Year Built1994

Land Information

APN2596
Land UseResidential
Legal DescriptionH & TC RY ABST 642 SURV 64 2.78 AC
Census Tract950200
Assessed Land Value$36,140
Assessed Improvement Value$141,910
Assessment Year2025

About this property

2.78 Acres of peace and quiet. This lovely 3 bedroom, 2 bath is meticulous and move in ready with central heat and air, fireplace and split bedroom arrangement. It is all electric and has a large front porch and back deck to enjoy those summer evenings. The property is completely fenced and comes with two storage buildings, a chicken coop and goat pen. There is a nice size pond on the property as well. This property is conveniently located north of the town of Richland Springs and south of Brownwood with paved road frontage. The home is serviced by a septic system and Richland Springs Water Supply. Rarely does a property like this come on the market, so call and schedule a look today!

Investor Tools

Property Icon
$220,000
Estimated Property Value
$0Estimated Mortgage Balance
$220,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$161/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$830
$178,050
2025
$36,140
$141,910
$178,050
No

Tax History

Year
Tax Paid
Assessed Value
2025
$830
$178,050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$220,000
100%
0%
$0/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: Richland Springs

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20042 Fm 500 | Property Details | No Agent List