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$362,000

NAL Estimated Property Value

318 N Rike St, Farmersville, TX, 75442

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,748 Sq Ft
price_per_sqft$260.3 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesSome Gas Appliances, Dishwasher, Gas Cooktop, Disposal, Microwave, Plumbed For Gas
FlooringHardwood, Tile

Exterior

Exterior FeaturesLighting, Private Yard, Rain Barrel Cisterns
Lot Size16,496 sqft

Building Information

Year Built2023
Stories1
Garage Spaces2

Land Information

APNR-1058-001-030R-1
Lot Number30R
SubdivisionHowell Addition (Cfc)
Land UseResidential
Legal DescriptionHOWELL ADDITION (CFC), BLK 1, LOT 30R; * (REPLAT) * (REPLAT)
Census Tract031101
Assessed Land Value$97,125
Assessed Improvement Value$251,822
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 cedar poles & glass front door in warm wood color that goes so well with light bricks w dark trim & roof. The high ceilings, open concept design & real hardwood throughout the house make an outstanding entrance. Formal dining room conveniently integrated w family room & kitchen. Kitchen features white cabinetry w black pulls, quartz countertops, SS appliances & custom island w incredible extra seating. Family room displays a gas fireplace w white mantle & large decorative windows showcasing the giant backyard. All 3 bedrooms have ceiling fans, W-I closets & real hardwood floors. Master suite has box ceiling, seating area, very spacious closet, ensuite bath w dual sinks, quartz counters, garden tub & nice tile work around frameless shower. Build a house in the back w space!

Investor Tools

Property Icon
$362,000
Estimated Property Value
$413,321Estimated 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
$2,730 /month
Positive
Cash Flow Estimate:
$910 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$794/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,720
$348,947
2025
$97,125
$251,822
$348,947
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,720
$348,947

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Conventional
$432,250
No
First
Dec 14, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$413,321
N/A
0%
114%
$2,592/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,592/mo
$-620/mo
6.5%

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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318 N Rike St | Property Details | No Agent List