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Days316Days on Market
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$235,000

3314 Ovilla Rd, TX, 75154

$245,405 ARVInfo
On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,328 Sq Ft
BusinessBusiness
price_per_sqft$176.96 / sqft
Year BuiltBuilt in 1940

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
CoolingCooling
FlooringLaminate

Exterior

Lot Size13,896 sqft

Building Information

Year Built1940
Stories1
Roof Type105

Land Information

APN62.0693.000.054.00.108
SubdivisionJ Mcnamara
Land UseResidential
Legal Description693 J MCNAMARA 0.319 ACRES
Census Tract060216
Assessed Land Value$90,000
Assessed Improvement Value$92,669
Assessment Year2025

About this property

PRICED BELOW RESIDENTIAL APPRAISED VALUE! Currently used as a residence and zoned commercial, this versatile property offers excellent potential for your business. Located in a high-visibility area with planned road expansion that will level Ovilla Road to your business, you'll benefit from exceptional exposure. The building has potential for at least four office spaces, a waiting area, full kitchen, and full bath—all with central heat and air. There's also room to expand parking to suit your needs. This is a rare chance to secure a commercial property in a growing area—ideal for establishing a business or making a smart long-term investment at a reasonable price. Endless possibilities in a prime, high-traffic location.

Investor Tools

Property Icon
$233,000
Estimated Property Value
$170,000Estimated Mortgage Balance
$61,379Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$245,404
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,410 /month
Positive
Cash Flow Estimate:
$470 /month

Interested in this property?

Valerie Hall

OnDemand Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$301/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,441
$182,669
2025
$90,000
$92,669
$182,669
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,441
$182,669

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primary Residential Mortgage Inc
Conventional
$170,000
No
First
Feb 14, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$166,239
$66,761
28%
71%
$1,020/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$1,020/mo
+$1,060/mo
10.7%

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.

Explore Texas Explore This Area
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: Ovilla

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3314 Ovilla Rd | Property Details | No Agent List