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B+
NoAgentList RatingHow are grades calculated? Info
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$412,250

233 Thomas Dr, Martindale, TX, 78655

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,842 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$229.22 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range
FlooringLaminate, Tile

Exterior

Lot Size1.01 acres

Building Information

Year Built1999
Stories1
Garage Spaces4

Land Information

APN1000842-040-000-00
Lot Number40
SubdivisionHopson Ranch Estates
Land UseResidential
Legal DescriptionHOPSON RANCH ESTATES, LOT 40, ACRES 1.005
Census Tract960501
Assessed Land Value$78,290
Assessed Improvement Value$333,960
Assessment Year2025

About this property

Martindale has become one of the best secrets. This property is not in the flood plain and boasts an awesome back yard. Beautiful brick home situated on approx. 1 acre in wonderful Hopson Ranch. Extremely sought after neighborhood lends itself to quiet and peaceful country living with all the conveniences of town close by. Only minutes from San Marcos at I-35 for quick commute to where you need to go and all the shopping you desire. This home has 3 bedrooms, 2 full baths, and open concept kitchen to dining to living. Cozy wood burning fireplace for chilly winter days and nights. There is a bonus room with multiple potential uses - 4th bedroom, Office, 2nd Living area, Game room, etc. Recent interior paint and flooring. The backyard is large and open with multiple small pens for your pets and FFA/4-H projects. Bring your chickens! Plant a garden. There is a garage and additional room for work area, storage, office area, etc. If you have unusual outdoor needs, this is the place to come see! Washer and dryer convey. Ask for closing cost assistance.

Investor Tools

Property Icon
$412,250
Estimated Property Value
$328,000Estimated Mortgage Balance
$0Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,533 /month
Positive
Cash Flow Estimate:
$844 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$717/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,540
$412,250
2025
$78,290
$333,960
$412,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,540
$412,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$328,000
No
First
Aug 15, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$647,380
N/A
0%
157%
$3,934/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,631/mo
$3,934/mo
$-2,303/mo
4.7%

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.

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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: Martindale

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233 Thomas Dr | Property Details | No Agent List