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$485,000

234 Colt Drive, Lake Kiowa, TX, 76240

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,112 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$229.64 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size17,298 sqft

Building Information

Year Built2005
Roof Type105
Garage Spaces2

Land Information

APN22919
Lot Number620
SubdivisionLake Kiowa Map 10
Land UseResidential
Legal DescriptionLAKE KIOWA MAP 10; LOT 620; ACRES .3971
Census Tract000701
Assessed Land Value$97,172
Assessed Improvement Value$394,078
Assessment Year2025

About this property

Such a great home with a little of everything you could ever ask for in a family home. Beautifully appointment near the East gate, this home offers four bedrooms * three full baths * wood burning fireplace * open kitchen with granite counter tops and undermount sink, oak cabinets, microwave and dishwasher new in 2022, pantry * split bedroom arrangement * primary bedroom with ensuite bath * large dining area with decorative ceiling * laminate flooring * walk out covered patio overlooking the beautiful inground pool with cascading water feature * fenced yard * sprinkler system * additional detached garage with workbench and loads of storage * additional concrete for extra parking * lovely landscaping and more! New 5 ton HVAC system and filter system for the pool in 2022. Everything you could ask for and so much more!!!!

Investor Tools

Property Icon
$515,000
Estimated Property Value
$0Estimated Mortgage Balance
$233,190Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,090 /month
Positive
Cash Flow Estimate:
$1,030 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$684/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,637
$491,250
2025
$97,172
$394,078
$491,250
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$5,637
$491,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$290,450
No
First
Sep 13, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,810
$233,190
45%
55%
$1,742/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,753/mo
$2,042/mo
$-289/mo
4.1%

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: Lake Kiowa

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234 Colt Drive | Property Details | No Agent List