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$166,000

316 Prospect Drive, Trinity, TX, 75862

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths900 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$127.78 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 0.5Bathrooms 0.5

Exterior

Lot Size2 acres

Building Information

Year Built1946
Garage Spaces4

Land Information

APN27327
Lot Number8,9
Land UseResidential
Legal DescriptionGIBSON ADDN, LOT 08,09
Census Tract950500
Assessed Land Value$31,000
Assessed Improvement Value$7,868
Assessment Year2025

About this property

Almost two and a half acres of unrestricted land on highly traveled Highway 19 in the city of Trinity Tx. This property was once a business that had a circle concrete drive lined by beautiful trees. There is a garage apartment on the property that needs TLC and on the back of the property is a 3-bay garage. This property is just down the street from the hospital and can be residential or commercial. The possibilities here are endless. All measurements should be verified by purchaser.

Investor Tools

Property Icon
$166,000
Estimated Property Value
$0Estimated Mortgage Balance
$166,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$996 /month
Positive
Cash Flow Estimate:
$332 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$146/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$922
$38,868
2025
$31,000
$7,868
$38,868
Yes (2019)

Tax History

Year
Tax Paid
Assessed Value
2022
$922
$38,868

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$166,000
100%
0%
$0/mo

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: Trinity

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316 Prospect Drive | Property Details | No Agent List