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$134,910

NAL Estimated Property Value

305 CATHERINE AVE., RIO HONDO, TX, 78586

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,044 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.22 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
CoolingCooling

Exterior

Lot Size7,501 sqft

Building Information

Year Built1958
Stories1
Roof Type172
Garage Spaces1

Land Information

APN55-0000-0290-0020-00
Lot Number2
SubdivisionRio Hondo Original Townsite
Land UseResidential
Legal DescriptionRIO HONDO ORIGINAL TOWNSITE LOT 2 BLK 29
Census Tract010101
Assessed Land Value$33,750
Assessed Improvement Value$101,160
Assessment Year2025

About this property

LOCATION! LOCATION! LOCATION! Enjoy peaceful semi-country living in this updated 3 bedroom, 2 bath home. With brand-new flooring, fresh paint (interior/exterior), and a new roof, this layout includes a bright living area, functional kitchen with stove and microwave, land laundry area with washer and dryer. All bedrooms are spacious with ample light, closet space, and brand new ceiling fans. Outside, you'll find a large yard with a storage shed, chicken coop, and private parking in the back—perfect for an RV, trailer, or boat. Located in a quiet area with easy access to Harlingen, schools, and local amenities. Ideal for those seeking comfort, space, and a touch of rural charm. Move-in ready, and you will not find a better looking home for this price! Schedule your showing today!

Investor Tools

Property Icon
$134,910
Estimated Property Value
$120,896Estimated Mortgage Balance
$14,014Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$822 /month
Positive
Cash Flow Estimate:
$274 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$368/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,745
$134,910
2025
$33,750
$101,160
$134,910
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,745
$134,910

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$121,600
No
First
Dec 5, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$120,896
$14,014
10%
90%
$730/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,156/mo
$730/mo
+$426/mo
10.3%

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: RIO HONDO

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305 CATHERINE AVE. | Property Details | No Agent List