Last 24 Hours
$349,000
3997 Fm 535, Red Rock, TX, 78662
On Market
2 Beds
— Bath
1,311 Sq Ft
Triplex
$266.21 / sqft
Built in 1945Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms 2
Bathrooms —
Heating Central
CoolingAppliancesOven
FlooringVinyl
Exterior
Lot Size1.45 acres
Building Information
Year Built1945
Stories1
Roof Type105
Land Information
APNR26606
SubdivisionLentz, Jacob G
Land UseResidential
Legal DescriptionA229 LENTZ, JACOB G., ACRES 1.4470
Census Tract950806
Assessed Land Value$138,232
Assessed Improvement Value$94,636
Assessment Year2025
About this property
Incredible OPPORTUNITY. Beautiful home and propety with CASH FLOWING Investment potential. This UNRESTRICTED 1.45 acre parcel contains a newer Tiny Home renting at $1,100/MONTH. A site built 3/1 that rents for $1,500/MONTH and an RV spot that rents for $500/MONTH. Property has its own WELL WATER. Perfect for Multi Home/Multi Generational family and a RARE INVESTMENT OPPORTUNITY for the smart buyer. Additional units can be added as well! LOW TAX RATE
Investor Tools
$0Estimated Mortgage Balance
$350,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month
Interested in this property?
ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$427/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,369
$232,868
2025
$138,232
$94,636
$232,868
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,369
$232,868
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$316,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,626/mo
N/A
+$1,626/mo
5.6%
12.4%