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$280,000

NAL Estimated Property Value

309 S 3rd St, Highlands, TX, 77562

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths896 Sq Ft
ApartmentApartment
price_per_sqft$1.84 / sqft
Year BuiltBuilt in 1975

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Refrigerator
FlooringLaminate

Exterior

Lot Size15,002 sqft

Building Information

Year Built1975
Garage Spaces3

Land Information

APN0582550060015
Lot Number9D
SubdivisionHighlands Townsite
Land UseResidential
Legal DescriptionLT 9D & TR 10D-1 BLK 6 HIGHLANDS TOWNSITE
Census Tract252901
Assessed Land Value$39,375
Assessed Improvement Value$240,625
Assessment Year2025

About this property

ALL BILLS PAID and NO HOA! Upstairs garage apartment with 2 bedrooms and 1 bath. The apartment has a refrigerator and a Stove. This single unit is located upstairs and has a deck/patio. Home is near the library, park with a splash pad, fast food, gas stations ( BUC-EES ), and more. Easy access to Interstate 10 to Houston in 20 minutes or Baytown just 10 minutes away. Call for your showing today!

Investor Tools

Property Icon
$280,000
Estimated Property Value
$78,824Estimated Mortgage Balance
$201,176Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,680 /month
Positive
Cash Flow Estimate:
$560 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$270/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,836
$280,000
2025
$39,375
$240,625
$280,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,836
$280,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Terry L Litt Etal
Unknown
$117,000
No
First
Apr 9, 2012
Mar 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$78,824
$201,176
71%
28%
$702/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$702/mo
+$1,020/mo
7.4%

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: Highlands

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309 S 3rd St | Property Details | No Agent List