$316,580
NAL Estimated Property Value2405 Rio Pl, Midland, TX, 79705
Off Market
Property Lead Type:
Off-Market ListAbsentee OwnerMove-In Ready
Highlights
Interior
Exterior
Lot Size5,750 sqft
Building Information
Year Built2020
Garage Spaces2
Land Information
APNR000222356
Lot Number37
SubdivisionLone Star Trails Ii
Land UseResidential
Legal DescriptionACRES: 0.132 LEGAL: BLK: 043 LOT: 037 ADDN: LONE STAR TRAILS II SECTION 4
Census Tract010123
Assessed Land Value$23,000
Assessed Improvement Value$293,580
Assessment Year2025
About this property
Beautifully updated home in Lone Star Trails—directly across from the brand new Lone Star Trails Elementary! Featuring an open-concept layout, cozy brick fireplace, and a stylish kitchen with granite countertops and a breakfast bar. Spacious bedrooms throughout, with a private primary suite offering dual sinks, soaking tub, and walk-in shower. Back yard offers a large covered back patio for all your gatherings. Call your favorite realtor today!
Investor Tools
$316,580
Estimated Property Value
$305,142Estimated Mortgage Balance
$11,889Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,899 /month
Positive
Cash Flow Estimate:
$633 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$435/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,634
$316,580
2025
$23,000
$293,580
$316,580
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,634
$316,580
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas State Affordable Hsng Corp
Stand Alone Second / Subordinate Position
$11,822
No
First
Nov 10, 2025
Nov 2028
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$305,142
$11,438
3%
96%
$1,843/mo
