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$223,000

316 Franklin Rd, Eddy, TX, 76524

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths960 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$234.38 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating Space/SuspendedHeating Space/Suspended
AppliancesElectric Range, Range Hood, Tankless Water Heater, Cooktop
FlooringCarpet, Vinyl

Exterior

Lot Size13,199 sqft

Building Information

Year Built1951
Stories1
Roof Type105

Land Information

APN160405000041005
SubdivisionPrewitt Levi
Land UseResidential
Legal DescriptionPREWITT LEVI ACRES .303
Census Tract003802
Assessed Land Value$16,650
Assessed Improvement Value$75,800
Assessment Year2025

About this property

Charming 2-Bedroom Home with Modern Updates, Spacious Yard, and Extra Storage — Conveniently Located Between Waco and Temple! Discover this beautifully renovated 2-bedroom, 1-bath home, ideally situated on a 0.30-acre lot in Eddy, with easy access to both Waco and Temple. With 960 square feet of thoughtfully updated living space, this home offers comfort and convenience. Enjoy the peace of mind that comes with brand-new systems throughout, including new HVAC, electrical, and plumbing. Inside, a bright and inviting living area flows into a stylish kitchen, with two cozy bedrooms down the hall. Outside, the screened-in back porch is perfect for relaxing or entertaining. The fenced backyard provides plenty of room to play or garden, along with an additional fenced area for pets or special projects. A durable cinderblock storage unit offers extra space for all your storage needs. This move-in-ready gem is perfect for first-time buyers, downsizers, or anyone looking for low-maintenance living with all the upgrades already done. Don’t miss this opportunity to enjoy the best of small-town living with easy access to city amenities!

Investor Tools

Property Icon
$223,000
Estimated Property Value
$220,924Estimated Mortgage Balance
$0Estimated Equity
1% 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
$142/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$594
$39,648
2025
$16,650
$75,800
$92,450
No

Tax History

Year
Tax Paid
Assessed Value
2024
$594
$39,648

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Movement Mortgage
Unknown
$220,924
No
First
Apr 30, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$238,775
N/A
0%
107%
$1,461/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$860/mo
$1,461/mo
$-601/mo
4.6%

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: Eddy

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