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$300,000

223 Redbud Ln, New Braunfels, TX, 78130

Off MarketInfo
Baths1,626 Sq Ft
DuplexDuplex
price_per_sqft$210.33 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesFree-Standing Electric Range
FlooringTile, Vinyl

Exterior

Exterior FeaturesNone
Lot Size8,024 sqft

Building Information

Year Built1986
Stories1
Roof Type105

Land Information

APN50-0684-0015-00
Lot Number6
SubdivisionShadow Park
Land UseResidential
Legal DescriptionSHADOW PARK, BLOCK 2, LOT 6
Census Tract310404
Assessed Land Value$40,000
Assessed Improvement Value$258,660
Assessment Year2025

About this property

A perfect investment opportunity in the heart of New Braunfels! This turn key duplex is boasts new flooring, fresh paint, and reliable tenants. Enjoy immediate cashflow from day 1 with this proven income generating property. Perfect for investors seeking a lucrative opportunity with large upside potential. This 2/1 unit mix is fully occupied, with Unit A leased at $1300, month to month and Unit B leased at $1050 month to month. Situated in a prime location with close proximity to shopping, dining, and major highways. You don't want to miss this one!

Investor Tools

Property Icon
$300,000
Estimated Property Value
$335,805Estimated Mortgage Balance
$0Estimated Equity
-12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$427/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,625
$298,660
2025
$40,000
$258,660
$298,660
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,625
$298,660

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ameridream Mortgage Group Llc
Fha
$335,805
Yes
First
Nov 14, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$327,868
N/A
0%
109%
$2,014/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: New Braunfels

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223 Redbud Ln | Property Details | No Agent List