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$225,000

NAL Estimated Property Value

2930 Fernando Salinas Rd, Rio Grande City, TX, 78582

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,008 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$57.27 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3

Exterior

Lot Size14,375 sqft

Building Information

Year Built1994

Land Information

APN000820780006905000700
Land UseResidential
Legal DescriptionAB 82 POR 78 D GARCIA SH 35FERNANDO SALINAS LOTS MAP #11
Census Tract950108
Assessed Land Value$11,670
Assessed Improvement Value$70,540
Assessment Year2024

About this property

Great location and very spacious. Lots of opportunity. The main house has three traditional bedrooms with a full bathroom. The fourth bedroom is a guest suite with it's own disabled access bathroom. Exterior guest suite with half bath can be used as a small business. It is currently used as hair salon but can be converted to any small business or guest suite. There is a cinder brick storage unit in the backyard. Property has a drive in circle and a detached carport (fits 3 vehicles).

Investor Tools

Property Icon
$225,000
Estimated Property Value
$107,801Estimated Mortgage Balance
$117,199Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$155/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$738
$82,210
2024
$11,670
$70,540
$82,210
No

Tax History

Year
Tax Paid
Assessed Value
2022
$738
$82,210

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Interlinc Mortgage Services Llc
Fha
$117,826
Yes
First
Nov 24, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$107,801
$114,199
51%
48%
$707/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: Rio Grande City

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2930 Fernando Salinas Rd | Property Details | No Agent List