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Days35Days on Market
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$259,500

$274,900

2206 Drake Street, Caddo Mills, TX, 75135

On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths1,588 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$163.41 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Heating GasHeating Gas
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave
FlooringVinyl

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Storage
Lot Size6,316 sqft

Building Information

Year Built1970
Stories1
Roof Type105

Land Information

APN3645-0000-0020-12
Lot Number2
SubdivisionInterurban Addition (Caddo Mills)
Land UseResidential
Legal DescriptionS3645 INTERURBAN ADDITION (CADDO MILLS) LOT 2 & PT OF 3 ACRES .145
Census Tract961402
Assessed Land Value$40,240
Assessed Improvement Value$195,790
Assessment Year2025

About this property

Located in the heart of Caddo Mills, this charming 4-bedroom, 2-bath home offers the perfect blend of comfort and convenience. Step inside to elevated ceilings and an inviting layout that creates a spacious yet cozy atmosphere throughout the home. The kitchen features updated appliances, making it move-in ready and perfect for everyday living or entertaining guests. Outside, enjoy a warm and welcoming backyard shaded by mature trees and designed for family gatherings, weekend cookouts, or simply relaxing after a long day. Also, families will appreciate being located in the highly sought-after Caddo Mills Independent School District, known for its strong academics, small-town community feel, and growing extracurricular opportunities. Conveniently located near downtown amenities, schools, and local shopping, this home is the perfect place to settle in and make lasting memories. With its ideal location, family-friendly atmosphere, and charming features throughout, this property is ready to welcome you home.

Investor Tools

Property Icon
$241,000
Estimated Property Value
$0Estimated Mortgage Balance
$16,834Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,557 /month
Positive
Cash Flow Estimate:
$519 /month

Interested in this property?

Cody Banks

CENTURY 21 Patterson Agency

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$358/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,096
$211,420
2025
$40,240
$195,790
$236,030
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,096
$211,420

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Truhome Solutions Llc
Fha
$240,562
Yes
First
Oct 14, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$224,166
$16,834
6%
93%
$1,443/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: Caddo Mills

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