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$382,000

NAL Estimated Property Value

3906 Charolais Drive, Killeen, TX, 76542

Off MarketInfo
Baths0 Bath
Baths4,378 Sq Ft
price_per_sqft$83.37 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Refrigerator
FlooringCarpet, Ceramic Tile

Building Information

Year Built1979
Stories2
Roof Type105

Land Information

APN38888
Lot Number3
SubdivisionElm Branch Estates
Land UseResidential
Legal DescriptionELM BRANCH ESTATES, BLOCK 004, LOT 0003
Census Tract023110
Assessed Land Value$56,000
Assessed Improvement Value$268,476
Assessment Year2025

About this property

Located in a prime area of Killeen, this spacious fourplex offers an excellent investment opportunity just minutes from Interstate 14 and Fort Hood—a location that continues to support strong rental demand. The property features four identical units, each with a functional 2-bedroom, 1.5-bath layout. The floorplans offer comfortable living spaces, efficient kitchen layouts, and two bedrooms upstairs with a convenient half bath on the main level—an ideal configuration for long-term tenants. The property has been professionally managed for the past eight years by Gold Medal Property Management, helping maintain consistent operations and tenant stability. Several key capital improvements have already been completed, including the replacement of three HVAC systems. Unit A is currently being turned and prepared for a potential owner-occupant or new tenant and features brand new carpet. This presents a great opportunity for an investor looking to house-hack or place a tenant at current market rents. With its strong location near major commuter routes, retail, dining, and one of the largest military installations in the country, this fourplex offers a solid addition to any investment portfolio or a great option for an owner-occupant looking to offset their mortgage with rental income. Don't miss out on this opportunity and call the listing agent today!

Investor Tools

Property Icon
$382,000
Estimated Property Value
$98,766Estimated Mortgage Balance
$283,234Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,292 /month
Positive
Cash Flow Estimate:
$764 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$673/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,165
$324,476
2025
$56,000
$268,476
$324,476
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,165
$324,476

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$118,237
No
First
Apr 2, 2018
May 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$98,766
$283,234
74%
26%
$709/mo

Learn About the Market: Opportunity in Texas

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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: Killeen

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3906 Charolais Drive | Property Details | No Agent List