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$220,000

NAL Estimated Property Value

406 N Leon Ave, ELSA, TX, 78543

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,222 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$179.95 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size5,663 sqft

Building Information

Year Built2024
Garage Spaces1

Land Information

APNL3980-01-000-0033-00
Lot Number33
SubdivisionLeon Heights Ph 1
Land UseReal, Residential, Single Family
Legal DescriptionLEON HEIGHTS PH 1 LOT 33
Assessed Land Value$43,035
Assessed Improvement Value$172,000
Assessment Year2025

About this property

Beautiful 3 bedroom, 2 bath and 1 car garage new construction home located in one of Elsa's newest subdivision, Leon Heights. This home features an open-concept floor plan, gorgeous tile floors, quartz countertops, sod in front of home, sprinkler system, and a wood treated fence around the back surrounding the backyard of your dreams. So don't miss out on this great opportunity and come see your future forever home.

Investor Tools

Property Icon
$220,000
Estimated Property Value
$211,466Estimated Mortgage Balance
$8,534Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$194/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,227
$215,035
2025
$43,035
$172,000
$215,035
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,227
$215,035

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Right Start Mortgage Inc
Fha
$215,916
Yes
First
Feb 26, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$211,466
$8,534
3%
96%
$1,295/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,141/mo
$1,295/mo
$-154/mo
6.2%

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: ELSA

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406 N Leon Ave | Property Details | No Agent List