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$699,000

405 Old Highway 20, McDade, TX, 78650

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,380 Sq Ft
SingleFamilyResidenceSingleFamilyResidence
price_per_sqft$506.52 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size13.51 acres

Building Information

Year Built1989
Stories1
Roof Type105

Land Information

APNR10591
SubdivisionMartinez, Augustin
Land UseResidential
Legal DescriptionA241 MARTINEZ, AUGUSTIN, ACRES 13.515
Census Tract950102
Assessed Land Value$141,721
Assessed Improvement Value$199,757
Assessment Year2025

About this property

405 Old Highway 20 is loaded with the kind of features buyers look for but rarely find all in one place. An updated home, fenced pasture, 3-bay shop, barn setup, riding arena, breeding pen, and 4 acres of untouched raw land in the back. The home has been recently refreshed with a new 30-year shingle roof over the house, a new standing seam metal roof over the back porch, fresh interior and exterior paint, new flooring and an HVAC system that was just went through a complete maintenance check. Inside, the remodeled kitchen features butcher block countertops and Samsung appliances, including a 1-year-old refrigerator, 1.5-year-old stove, and new dishwasher. Both bathrooms have been updated as well. The spare bath includes a rock-walled shower installed about a year ago, a new toilet, granite countertop, and updated faucet. The primary bath has been newly remodeled with a tile shower, granite countertop, and updated faucet. Outside, the property really stands out. The 3-bay shop giving you space for vehicles, equipment, storage, or hobbies. The barn is set up with 2 stalls, a wash rack, tack room/bar area, and a partially finished room. There is also a riding arena with a breeding pen, making the property well-suited for horses, livestock, or anyone needing functional acreage. The front portion of the property is fenced pasture, while the back 4 acres remain untouched raw land, offering privacy, recreation, and future flexibility. This is a property built for someone who needs space that actually works.

Investor Tools

$460,167Estimated Mortgage Balance
$40,833Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,194 /month
Positive
Cash Flow Estimate:
$1,398 /month

Interested in this property?

Kreshnik Shehu

All City Real Estate Ltd. Co

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$592/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,602
$341,478
2025
$141,721
$199,757
$544,924
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,602
$341,478

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Va
$330,020
Yes
First
May 2, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$460,167
$40,833
8%
92%
$2,999/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$2,999/mo
$-911/mo
5.0%

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: McDade

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405 Old Highway 20 | Property Details | No Agent List