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$3,775,660

216 Red River Road, Whitesboro, TX, 76273

On MarketInfo
Baths0 Bath
Baths2,256 Sq Ft
RanchRanch

Highlights

Interior

Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available

Exterior

Lot Size11,252 sqft

Building Information

Year Built1979
Garage Spaces2

Land Information

APNW001 4034037
Lot Number9
SubdivisionNorthridge Addn Sec 4
Land UseResidential
Legal DescriptionNORTHRIDGE ADDN SEC 4, BLOCK 9, LOT 9, ACRES .2583
Census Tract001103
Assessed Land Value$46,125
Assessed Improvement Value$248,131
Assessment Year2025

About this property

This is an amazing property in Grayson County for investment and future development. The location of the property would be ideal for a master planned community that is near the shores of Lake Texoma and has easy access to Highway 377 for added convenience. It is currently ag exempt providing a great opportunity for the buy and hold investor. Seller will carry.

Investor Tools

$221,710Estimated Mortgage Balance
$106,290Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$22,654 /month
Positive
Cash Flow Estimate:
$7,551 /month

Interested in this property?

Jessica Dansby

SRC Local Markets, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$469/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,990
$294,256
2025
$46,125
$248,131
$294,256
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,990
$294,256

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wentworth Capital Llc
Commercial
$225,000
No
First
Aug 8, 2025
Mar 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$221,710
$106,290
32%
68%
$1,349/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: Whitesboro

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216 Red River Road | Property Details | No Agent List