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$185,000

407 N Carter, Howe, TX, 75459

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,216 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$152.14 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave
FlooringVinyl

Exterior

Lot Size21,575 sqft

Building Information

Year Built1940
Garage Spaces2

Land Information

APNH003 5912005
Lot Number3-4
SubdivisionOtp Howe
Land UseResidential
Legal DescriptionOTP HOWE, BLOCK 7, LOT 3 & 4 & LOT 3, 4, 5, BLK 23
Census Tract001801
Assessed Land Value$65,248
Assessed Improvement Value$64,077
Assessment Year2025

About this property

Fantastic investment opportunity BELOW MARKET VALUE—perfect for investors seeking immediate cash flow! This 3-bedroom, 2-bath property is tenant-occupied at $1,575 per month through March 2027, making it a turnkey addition to your rental portfolio. Beautiful 3-bedroom, 2-bath home in growing Howe, TX situated on a huge lot with plenty of space to enjoy both indoors and out. This home offers a spacious and inviting living area that greets you upon arrival—perfect for relaxing or entertaining guests. The open layout flows seamlessly into a large, remodeled kitchen featuring ample cabinet storage and generous counter space, making it ideal for cooking, hosting, and everyday living. The oversized primary suite provides a comfortable retreat with a private en-suite bathroom, while both secondary bedrooms are well-sized and offer flexibility for guests, a home office, or additional living space. Step outside to enjoy the expansive backyard, just under half an acre, complete with two storage sheds—perfect for tools, hobbies, or extra storage needs. This property is also offered as part of an Investor Package Deal.

Investor Tools

Property Icon
$198,000
Estimated Property Value
$0Estimated Mortgage Balance
$64,280Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,188 /month
Positive
Cash Flow Estimate:
$396 /month

Interested in this property?

Mallory Adams

OmniKey Realty, LLC.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$320/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,854
$129,325
2025
$65,248
$64,077
$129,325
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,854
$129,325

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank
Open End Mortgage / Open End With Future Advance Clause
$143,500
No
First
Sep 30, 2022
Oct 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$133,720
$64,280
32%
68%
$861/mo

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.

Explore Texas Explore This Area
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: Howe

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407 N Carter | Property Details | No Agent List