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$248,000

NAL Estimated Property Value

309 Old Leroy Rd, Elm Mott, TX, 76640

$254,443 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,012 Sq Ft
price_per_sqft$124.25 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Refrigerator, Washer
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size38,503 sqft

Building Information

Year Built1986
Stories1
Roof Type105
Garage Spaces2

Land Information

APN200246000027000
Lot NumberB13
SubdivisionForest Park
Land UseResidential
Legal DescriptionFOREST PARK LOT B13 BLOCK D ACRES .8839
Census Tract003401
Assessed Land Value$87,790
Assessed Improvement Value$147,510
Assessment Year2025

About this property

This charming home on almost an acre is a great investment! 4 bedrooms, 3 bathrooms. Features 2 big PRIMARY SUITES with walk-in closets!! One primary suite has patio doors that bring lots of sunlight in. Living room has a wood burning fireplace with built in bookcases flanking it, vaulted ceiling with beautiful cedar beams and wood wall make this a wonderful place to relax. Kitchen has lots of cabinets, and an island. Wonderful family room-sunroom space with large windows, solid wood paneling, facing the backyard. Yard is super spacious with big mature oak trees, fenced backyard, and a shed. Most the things in this home are original but the roof was put in in 2024 and the washing machine is new. You can quickly have equity in this home by making some updates!

Investor Tools

Property Icon
$248,000
Estimated Property Value
$243,332Estimated Mortgage Balance
$4,668Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$254,443
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$138/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$413
$207,785
2025
$87,790
$147,510
$235,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
$413
$207,785

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kind Lending Llc
Fha
$245,471
Yes
First
Nov 19, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$243,332
$4,668
1%
98%
$1,472/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,472/mo
$-165/mo
6.3%

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.

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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: Elm Mott

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