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$643,298

20424 County Road 1040, Nevada, TX, 75173

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,795 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$135.92 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Range, Microwave, Electric Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size2.69 acres

Building Information

Year Built2019
Stories1
Garage Spaces3

Land Information

APNR-11588-000-0070-1
Lot Number7
SubdivisionLuke Estates Phase 1 (Gcn)
Land UseResidential
Legal DescriptionLUKE ESTATES PHASE 1 (GCN), LOT 7
Census Tract031201
Assessed Land Value$191,663
Assessed Improvement Value$451,635
Assessment Year2025

About this property

NEW CONSTRUCTION, COMPLETED, HUGE LOT, ROOM FOR A SHOP!! BEAUTIFUL 4-3-3 WITH STUDY, VINYL WINDOWS, MUST SEE TO APPRECIATE, NO CITY TAX AT THIS POSTING, BUILDER ROBBIE HALE HAS MORE DETAILS.

Investor Tools

Property Icon
$643,298
Estimated Property Value
$378,000Estimated Mortgage Balance
$257,527Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,860 /month
Positive
Cash Flow Estimate:
$1,287 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$813/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,543
$643,298
2025
$191,663
$451,635
$643,298
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,543
$643,298

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Va
$378,000
Yes
First
Jun 1, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$385,771
$257,527
40%
60%
$2,579/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,579/mo
$-7/mo
4.8%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Nevada

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