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$111,000

205 N Rusk St, Groesbeck, TX, 76642

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths864 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$133.1 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 1Bathrooms Half 1
AppliancesElectric Water Heater
FlooringTile, Vinyl

Building Information

Garage Spaces1

Land Information

APNR9316
Lot Number3,4
Land UseResidential
Legal DescriptionBLOCK 036 GROESBECK, LOT 003 - 004, (S/2 OF 4)
Census Tract970600
Assessed Land Value$7,310
Assessed Improvement Value$42,970
Assessment Year2024

About this property

This charming 2 bedroom/1 bathroom home with 864 square feet was extensively renovated in the last 5 years. The renovations included central heat and air, windows, updated plumbing, some updated wiring, home was leveled, roof, paint and flooring throughout. Appears to have been well maintained since then and move in ready. Located on a fantastic lot with large privacy fenced backyard and an attached carport. Great for owner occupant or rental property!

Investor Tools

Property Icon
$111,000
Estimated Property Value
$66,000Estimated Mortgage Balance
$46,063Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$690 /month
Positive
Cash Flow Estimate:
$230 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$103/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$678
$50,280
2024
$7,310
$42,970
$50,280
No

Tax History

Year
Tax Paid
Assessed Value
2022
$678
$50,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Centennial Bank
Open End Mortgage / Open End With Future Advance Clause
$66,000
No
First
Jun 20, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$64,937
$46,063
41%
59%
$396/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.

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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: Groesbeck

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205 N Rusk St | Property Details | No Agent List