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$276,869

254 Forest Drive, College Station, TX, 77840

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,492 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$120.58 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Free-Standing Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringCarpet, Tile

Exterior

Exterior FeaturesBalcony
Lot Size4,282 sqft

Building Information

Year Built2005
Stories2

Land Information

APN290485-0021-2540
SubdivisionGateway Villas Condos Ph 1
Land UseResidential
Legal DescriptionGATEWAY VILLAS CONDOS PH 1, BLDG U, UNIT 254 BLDG U, UNIT 254
Census Tract001301
Assessed Land Value$39,000
Assessed Improvement Value$258,318
Assessment Year2025

About this property

Amazing 3 bedrooms and 3.5 bathrooms condo available for sale in the friendly neighborhood of Gateway Villas. Minutes from TAMU. Neighorhood has several parks, shopping & dining places to enjoy, this condo has it all! Tile floors throughout the first floor and all bathrooms, spacious floorplan, large bedrooms, granite countertops, community pool and MORE! Refrigerator, washer and dryer all convey with the property. Seller has never occupied the property.

Investor Tools

Property Icon
$276,869
Estimated Property Value
$0Estimated Mortgage Balance
$151,689Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,661 /month
Positive
Cash Flow Estimate:
$554 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$482/month
$195/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,397
$276,869
2025
$39,000
$258,318
$297,318
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,397
$276,869

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Conventional
$138,400
No
First
May 20, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$125,180
$151,689
54%
45%
$830/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,480/mo
$1,025/mo
+$455/mo
6.4%

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: College Station

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254 Forest Drive | Property Details | No Agent List