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$282,000

NAL Estimated Property Value

401 N Cummings Drive, Alvarado, TX, 76009

$366,600 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,560 Sq Ft
price_per_sqft$97.62 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Plumbed For Ice Maker, Refrigerator, Electric Water Heater
FlooringCeramic Tile, Vinyl, Wood

Exterior

Exterior FeaturesStorage
Lot Size19,166 sqft

Building Information

Year Built1950
Garage Spaces1

Land Information

APN126.2431.07060
Lot Number6R
SubdivisionOriginal Town Of Alvarado
Land UseResidential
Legal DescriptionLOT 6R BLK 7, 8 ORIGINAL TOWN OF ALVARADO
Census Tract130415
Assessed Land Value$42,500
Assessed Improvement Value$191,280
Assessment Year2025

About this property

Updated vintage 3 bed 2 full bath 1 story in the heart of Alvarado. Modern white and gray finishes combined with restored original features and design elements make this home a must see! Gorgeous updated kitchen w WHITE shaker cabinetry,ss appls,granite open to charming eat in hearth dining room with fireplace! Restored hardwoods through out! Large great room with nostalgic fireplace plus bay window. Additional updates: all wiring and plumbing, all windows, hot water, paint in & out. Additional bonus space perfect for office,exercise or play area! Amazing covered front porch. Ample covered parking plus 2 car garage with attached storage! Great access to schools and downtown area. Move in ready. See it today!

Investor Tools

Property Icon
$282,000
Estimated Property Value
$218,103Estimated Mortgage Balance
$63,897Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$366,600
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,692 /month
Positive
Cash Flow Estimate:
$564 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$658/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,492
$233,780
2025
$42,500
$191,280
$233,780
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,492
$233,780

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Unknown
$233,225
No
First
Nov 1, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$218,103
$63,897
22%
77%
$1,399/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,399/mo
+$528/mo
8.2%

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: Alvarado

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401 N Cummings Drive | Property Details | No Agent List