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$348,265

NAL Estimated Property Value

316 N Rike St, Farmersville, TX, 75442

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,780 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$233.15 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave
FlooringTile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard
Lot Size16,426 sqft

Building Information

Year Built2022
Stories1
Garage Spaces2

Land Information

APNR-1058-001-031R-1
Lot Number31R
SubdivisionHowell Addition (Cfc)
Land UseResidential
Legal DescriptionHOWELL ADDITION (CFC), BLK 1, LOT 31R; * (REPLAT) * (REPLAT)
Census Tract031101
Assessed Land Value$97,125
Assessed Improvement Value$251,140
Assessment Year2025

About this property

BRAND NEW HOME walking distance to Farmersville Historic Square w its quaint little shops & events. Enjoy the hometown feel in a 1-story ranch home w contemporary touches & 0.4 Acres lot. Unique facade elevated by a porch w cedar pole, J-swing garage, gray stones trimming the entire front of the house & glass door in warm wood color. The high ceilings, open concept design & light shiny tile make an outstanding entrance. Dining room w elegant chandelier & integrates w the social area w family room & kitchen w white cabinetry w black knobs, quartz countertops, SS appliances, pendant w 3 lights over the custom island w incredible extra storage. Family room displays a tall gas stone fireplace w cedar mantle & large decorative windows showcasing the giant backyard. All 3 bedrooms have ceiling fans, W-I closets & LVP floors. Master suite has box ceiling, seating area, spacious closet, ensuite bath w dual sinks, quartz counters, garden tub & nice tile work. Build a house in the back w space.

Investor Tools

Property Icon
$348,265
Estimated Property Value
$381,057Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$719/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,892
$348,265
2025
$97,125
$251,140
$348,265
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,892
$348,265

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$402,550
No
First
Jun 14, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$381,057
N/A
0%
109%
$2,414/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,414/mo
$-442/mo
6.8%

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: Farmersville

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316 N Rike St | Property Details | No Agent List