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$460,000

230 CR 3191, Frankston, TX, 75763

$462,509 ARVInfo
Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths2,386 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.79 / sqft
Year BuiltBuilt in 1988

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave

Building Information

Garage Spaces2

About this property

Piney Woods Lake is located just a few minutes south of Frankston. This beautiful brick home with 2386 sq ft of living space, sitting on 9.96, two adjoining lots, partially wooded acres. Five acres are maintained, and the remainder of the property is wooded forest. The main house is a 3 bedroom and 2 bath single story home, the additional 24 x 24 studio sits detached from the house separated by a covered patio and carport. The studio incudes a large full bath, large picture window in the main room brings in the property views to watch the deer stroll through the property and add natural light. The studio and garage were added in 2016. Also added in 2016, Tile, carpets, primary bathroom shower, and hall bathroom upgrades. The kitchen additions from 2022 include convection oven, microwave, granite counter tops, backsplash, and gas stove. The brick gas fireplace in the living room includes built in bookshelves. The second common living area added on the back of the home adds that additional living space with windows that draw the beauty of this property indoors. HVAC and compressor replaced in 2023. Tankless water heater runs on propane. The garage is finished with storage room. The well, used for irrigation, has 8 water stations on property. Additional equipment garage or workshop with slab floor. Also, a 20 x 10 raised storage shed located on the property too. The exterior was just painted in Feb of 2025.

Investor Tools

$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$462,509
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,760 /month
Positive
Cash Flow Estimate:
$920 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$250/month
5.947%

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: Frankston

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