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$407,720

NAL Estimated Property Value

214 Locust Street S, Sulphur Springs, TX, 75482

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths5,698 Sq Ft
ApartmentApartment
Year BuiltBuilt in 1971

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Electric Range
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size21,344 sqft

Building Information

Year Built1971

Land Information

APNR000001674
Land UseResidential
Legal DescriptionACRES: 0.490 LOT 18 BLK 11 TOWN SULPHUR SPRINGS
Census Tract950401
Assessed Land Value$19,850
Assessed Improvement Value$387,870
Assessment Year2025

About this property

Calling all investors!! This 8 unit complex features 1-bedroom, 1-bathroom apartments with large walk-in closets. The well planned layouts make good use of the space, and each unit is individually metered for electricity. It is located only blocks from downtown Sulphur Springs, schools, and shopping, making it a convenient and desirable place for tenants to live. Units were fully updated in 2010 and have been maintained. The complex is currently at full occupancy. This income-producing property is a great opportunity for anyone looking to add to their rental portfolio. Come invest in Hopkins County!

Investor Tools

Property Icon
$407,720
Estimated Property Value
$370,648Estimated Mortgage Balance
$37,072Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$222/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$621
$407,720
2025
$19,850
$387,870
$407,720
No

Tax History

Year
Tax Paid
Assessed Value
2025
$621
$407,720

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Heritage National Bank
Purchase Money Mortgage
$409,000
No
First
Jun 15, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$370,648
$37,072
9%
91%
$2,453/mo

Learn About the Market: Opportunity in Texas

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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: Sulphur Springs

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214 Locust Street S | Property Details | No Agent List