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$230,000

402 Cottonwood Dr, Harker Heights, TX, 76548

Under ContractInfo
Beds5 Beds
Baths2 Bath
Baths1,992 Sq Ft
price_per_sqft$115.46 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Deal ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Oven, Some Electric Appliances
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesPorch, Private Yard, Rain Gutters, Storage

Building Information

Year Built1976
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26294
SubdivisionMeadow Acres 1st Ext Replat (L24-26 B10,
Land UseResidential
Legal DescriptionMEADOW ACRES 1ST EXT REPLAT (L24-26 B10, L1-6,21-26 B12 ETC), BLOCK 010, LOT 0030
Census Tract021901
Assessed Land Value$27,000
Assessed Improvement Value$247,532
Assessment Year2025

About this property

NEW ROOF INSTALLED! This stunning five bedroom two bath home has it ALL! Enjoy a fresh cup of coffee or tea in the morning on your covered front porch as the birds sing away in the beautiful and quiet neighborhood of meadow acres! As you enter into the foyer you will be greeted by the vaulted ceilings leading right into the living, dining, and kitchen area. Perfect for any and all pf your gatherings! The kitchen boasts beautiful bay windows, a breakfast bar, granite countertops and endless cabinet space, including a pantry! There is a separate laundry room perfect for extra storage, space, and peace of mind. As you head to the bedrooms there are multiple ideas aside from just a room; perhaps you need an office space, a home theatre, or maybe a home gym? The opportunities are endless in this single story home. The master suite offers space, a walk in closet, and stand up shower with plenty of cabinet space as well. New windows, fresh paint throughout the home, two water heaters, right under 2,000 square feet of living area...what more could you want? The backyard oasis boasts a large and inviting yard with a covered patio and shed. Perfect for that housewarming party! Located ten minutes from Fort Cavazos, five minutes from Stonetree gold club, three minutes from Market Heights, and one hour from Austin. This is an as is sale. Schedule a tour and see this home for yourself!

Investor Tools

$213,227Estimated Mortgage Balance
$61,305Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,647 /month
Positive
Cash Flow Estimate:
$549 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$557/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,308
$274,532
2025
$27,000
$247,532
$274,532
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,308
$274,532

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Va
$235,290
Yes
First
Jun 7, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$213,227
$61,305
22%
78%
$1,411/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,630/mo
$1,411/mo
+$219/mo
7.1%

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.

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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: Harker Heights

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402 Cottonwood Dr | Property Details | No Agent List