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$165,957

216 Gardenia St, RIO HONDO, TX, 78583

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,279 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$132.92 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size6,830 sqft

Building Information

Year Built2001
Stories1
Roof Type114
Garage Spaces1

Land Information

APN55-7401-0010-0160-00
Lot Number16
SubdivisionMorning Glory Subdivision Sec One
Land UseResidential
Legal DescriptionLOT 16 MORNING GLORY SUBDIVISION SEC ONE
Census Tract010101
Assessed Land Value$30,729
Assessed Improvement Value$135,228
Assessment Year2025

About this property

Sellers offering $5,000 assistance in closing costs! This charming 3-bed, 2-bath residence has an expansive kitchen that is perfect for family feasts or entertaining guests. Generously sized bedrooms offer comfort for every household member. Outdoors, enjoy the spacious front and back yard for gatherings or private relaxation. Schedule a viewing to make this Rio Hondo gem yours.

Investor Tools

Property Icon
$165,957
Estimated Property Value
$153,000Estimated Mortgage Balance
$17,508Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,020 /month
Positive
Cash Flow Estimate:
$340 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$453/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,607
$165,957
2025
$30,729
$135,228
$165,957
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,607
$165,957

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sierra Pacific Mortgage Co Inc
Unknown
$153,000
No
First
Aug 5, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$148,449
$17,508
10%
89%
$918/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,156/mo
$918/mo
+$238/mo
8.4%

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: RIO HONDO

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216 Gardenia St | Property Details | No Agent List