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$390,925

NAL Estimated Property Value

247 W Morris Street, Rhome, TX, 76078

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,746 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$159.79 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave, Plumbed For Ice Maker, Electric Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size25,613 sqft

Building Information

Year Built2020
Roof Type158
Garage Spaces2

Land Information

APNS0190.0102.00
Lot Number2
SubdivisionBelle Heights
Land UseResidential
Legal DescriptionLOT 2 BLK 1 BELLE HEIGHTS
Census Tract150606
Assessed Land Value$70,436
Assessed Improvement Value$320,489
Assessment Year2025

About this property

Gorgeous single story 4 bed 2 bath home on over a half-acre lot, just off Main St in Rhome! This home features an open concept living space with a wood-burning fireplace and a large kitchen island for entertaining. The master suite features a large custom closet, dual sinks, and a separate tub and shower. The back yard is a very large space fenced in and includes a covered patio with an optional outdoor kitchen. Come out to Rhome and enjoy small-town living only minutes from Alliance with prominent Northwest ISD schools! Similar lots available for custom home design, contact us today for a free consultation!

Investor Tools

Property Icon
$390,925
Estimated Property Value
$221,666Estimated Mortgage Balance
$169,259Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,346 /month
Positive
Cash Flow Estimate:
$782 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$470/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,681
$390,925
2025
$70,436
$320,489
$390,925
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,681
$390,925

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$247,500
No
First
Dec 10, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$221,666
$169,259
43%
57%
$1,484/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.

Explore Texas Explore This Area
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: Rhome

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247 W Morris Street | Property Details | No Agent List