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B+
NoAgentList RatingHow are grades calculated?Info

$228,000

NAL Estimated Property Value

3605 Sorrel Ct, Alvarado, TX, 76009

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,056 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$216.86 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size19,907 sqft

Building Information

Year Built1985

Land Information

APN126.2369.10310
Lot Number31
Land UseResidential
Legal DescriptionLOT 31 BLK 2 HAPPY TRAILS
Census Tract130416
Assessed Land Value$60,000
Assessed Improvement Value$90,318
Assessment Year2025

About this property

Step into this beautifully updated 3 bedroom, 1.5 bath home, perfectly situated on almost an half an acre of land! The spacious backyard is ideal for entertaining, gardening, or simply enjoying the outdoors, and the nice 16x16 workshop adds flexibility for hobbies or projects. Relax or entertain under the covered patio, perfect for evening gatherings or a cozy cooking area. Inside, the kitchen shines with gorgeous granite countertops, while the bathroom features a brand-new tiled shower. New LVP and carpet flow throughout the home, complemented by modern lighting and plumbing fixtures. Energy conscious buyers will love the fully paid off solar panels, providing immediate benefits to the new owner. Fresh paint inside and out gives this home a move in ready feel. Located in the highly regarded Alvarado School District and just minutes from I35, this home offers both convenience and comfort, close to shopping, dining, and all the amenities you need. Don’t miss the opportunity to make this turnkey property yours!

Investor Tools

Property Icon
$228,000
Estimated Property Value
$204,954Estimated Mortgage Balance
$23,046Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,374 /month
Positive
Cash Flow Estimate:
$458 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$120/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$302
$150,318
2025
$60,000
$90,318
$150,318
No

Tax History

Year
Tax Paid
Assessed Value
2025
$302
$150,318

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texasbank
Conventional
$206,100
No
First
Oct 28, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$204,954
$23,046
10%
90%
$1,406/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,406/mo
+$521/mo
10.1%

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: Alvarado

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3605 Sorrel Ct | Property Details | No Agent List