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$323,418

NAL Estimated Property Value

345 Merriman Rd, San Marcos, TX, 78666

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,044 Sq Ft
price_per_sqft$156.07 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Free Standing Gas Range, Disposal, Microwave, Plumbed For Ice Maker, Self Cleaning Oven
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size7,275 sqft

Building Information

Year Built2023
Roof Type105
Garage Spaces2

Land Information

APNR187727
Lot Number12
SubdivisionTrace Sub Pa 6c Sec D
Land UseResidential
Legal DescriptionTRACE SUB PA 6C SEC D, BLOCK U, LOT 12, ACRES 0.167 TAX CODES:SSM,YCI,PSMT
Census Tract010402
Assessed Land Value$66,380
Assessed Improvement Value$257,038
Assessment Year2025

About this property

4 bedrooms, 3 full baths, plus an office that can easily be converted into a 5th bedroom. Located in the growing San Marcos community, this home offers a great balance of convenience and Hill Country lifestyle. Just minutes from Texas State University, the area provides easy access to local dining, shopping, and entertainment. Enjoy outdoor activities along the nearby San Marcos River, perfect for kayaking, tubing, and scenic walks. Ideally positioned with quick access to I-35, the home is conveniently located between Austin and San Antonio, making commuting or weekend trips effortless. Residents also benefit from close proximity to San Marcos Premium Outlets and Tanger Outlets San Marcos. With nearby parks, green spaces, and everyday amenities, this location offers comfort, accessibility, and strong appeal for both homeowners and investors.

Investor Tools

Property Icon
$323,418
Estimated Property Value
$226,719Estimated Mortgage Balance
$96,699Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,941 /month
Positive
Cash Flow Estimate:
$647 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$836/month
$85/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,420
$323,418
2025
$66,380
$257,038
$323,418
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,420
$323,418

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
General Mortgage Capital Corp
Conventional
$230,993
No
First
Dec 20, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$226,719
$96,699
29%
70%
$1,818/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,987/mo
$1,903/mo
+$84/mo
7.4%

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: San Marcos

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345 Merriman Rd | Property Details | No Agent List