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$259,585

NAL Estimated Property Value

28079 Canelo Loop, RIO HONDO, TX, 78583

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,118 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$122.76 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size30,631 sqft

Building Information

Year Built2004
Stories1
Roof Type105
Garage Spaces2

Land Information

APN73-8121-0010-0040-00
Lot Number4
SubdivisionCanelo Fields Phase 1 & 2 Sect 1
Land UseResidential
Legal DescriptionCANELO FIELDS SUBDIVISION PHASE 1 & 2 SECTION 1 LOT 4 BLK 1 PHASE 1 (CAB 1 SLOT 2122-B 2123-AB CCMR)
Census Tract010103
Assessed Land Value$70,991
Assessed Improvement Value$188,594
Assessment Year2025

About this property

Welcome to your serene retreat nestled on .70 acres! This charming 3-bedroom, 2-bathroom home boasts a cozy ambiance with a touch of potential waiting to be unleashed. Step inside to discover a spacious layout complete with a formal dining. The garage has been thoughtfully converted into an extra bonus room or family room, offering versatility to suit your lifestyle needs. Some valuable upgrades are the air conditioning unit is less than 10 years old, ensuring your comfort during those warm summer days, and both the roof and water heater have been replaced within the last 5 years, providing peace of mind for years to come. There is also a whole house water softening system with a drinking spout. Escape the hustle and bustle of city life and embrace the tranquility of country living. With ample outdoor space, the possibilities for creating your own oasis are endless. Don't miss the opportunity to make this your dream home! Make your appointment today!

Investor Tools

Property Icon
$259,585
Estimated Property Value
$217,631Estimated Mortgage Balance
$41,954Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,560 /month
Positive
Cash Flow Estimate:
$520 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$387/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,352
$259,585
2025
$70,991
$188,594
$259,585
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,352
$259,585

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$222,900
No
First
Dec 12, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,631
$41,954
16%
84%
$1,337/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,156/mo
$1,337/mo
$-181/mo
5.3%

Learn About the Market: Opportunity in Texas

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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: RIO HONDO

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28079 Canelo Loop | Property Details | No Agent List