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$450,258

NAL Estimated Property Value

321 Ellis School Rd, Highlands, TX, 77562

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,084 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$191.89 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher, Oven, Refrigerator
FlooringTile

Exterior

Lot Size21,876 sqft

Building Information

Year Built2020
Garage Spaces2

Land Information

APN0402880000062
Land UseResidential
Legal DescriptionTR 3L-1 ABST 44 N LYNCH
Census Tract252902
Assessed Land Value$63,591
Assessed Improvement Value$386,667
Assessment Year2025

About this property

Custom Built home is on 1/2 acre lot and has a lot of upgrades that will not last long on the market! Located in the accredited Deer Park I.S.D. and only minutes rom I-10, this quiet area is easy access for commuting to Houston. Great Country living with no back Door neighbors and house is located on a Dead End street. Open floorplan with formal Dinning for all your family gathers, living room with a wood burning fireplace, kitchen has custom wood cabinets, granite countertops, breakfast bar and tile back splash. Tile flooring throughout the house with 4 bedrooms and 3 full baths. High ceilings with ceiling fans in all the bedrooms and wood blinds in all the windows. Back yard is fully fenced and two covered porches, plenty of room for kids to play and dogs to run. Stainless steel appliances, built in stainless microwave and stainless refrigerator included. too many amenities to list ... Must see this beautiful home. House has a Grinder and lift station.

Investor Tools

Property Icon
$450,258
Estimated Property Value
$346,797Estimated Mortgage Balance
$103,461Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,702 /month
Positive
Cash Flow Estimate:
$901 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$518/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,965
$450,258
2025
$63,591
$386,667
$450,258
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,965
$450,258

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$379,050
No
First
Nov 23, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$346,797
$103,461
22%
77%
$2,273/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$2,273/mo
$-551/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: Highlands

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321 Ellis School Rd | Property Details | No Agent List