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$314,360

243 Drifter Dr, Newark, TX, 76071

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,784 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.07 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size6,708 sqft

Building Information

Year Built2022
Roof Type158
Garage Spaces2

Land Information

APNR0294.T006.00
Lot Number6
SubdivisionChisholm Springs Ph3
Land UseResidential
Legal DescriptionLOT 6 BLK T CHISHOLM SPRINGS PH3
Census Tract150603
Assessed Land Value$55,568
Assessed Improvement Value$258,792
Assessment Year2025

About this property

Perfect place to call home in Wise County! This property has been well taken care of and offers a split floor plan consisting of 4 bedrooms, 2 full bathrooms, 2 car garage, and open concept living area and kitchen. Upon entering enjoy a wide hallway, to the left are two secondary bedrooms, perfectly situated in hallway with a large bathroom. The third secondary bedroom is to the right along with the laundry room. As you continue into the home, you are welcomed by a large living area open to the kitchen with a large granite island. The kitchen offers counter space, cabinet storage, pantry, and dining area. Primary bedroom is located towards the back of the house with an ensuite bathroom. Primary bathroom has an oversized shower, walk-in closet, and walk-in linen closet for the ultimate storage! Property is located in the growing area of Newark and Rhome, just minutes from shopping, medical, grocery, and more! Community offers a pool & playground as well!

Investor Tools

Property Icon
$314,360
Estimated Property Value
$392,540Estimated Mortgage Balance
$0Estimated Equity
-25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,886 /month
Positive
Cash Flow Estimate:
$629 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$216/month
$440/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,024
$314,360
2025
$55,568
$258,792
$314,360
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,024
$314,360

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Va
$392,540
Yes
First
May 13, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$363,153
N/A
0%
116%
$2,354/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.

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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: Newark

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