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$157,400

407 N Magnolia St, Highlands, TX, 77562

On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,056 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$149.05 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating

Exterior

Lot Size11,025 sqft

Building Information

Year Built1940
Stories1

Land Information

APN0572680260002
SubdivisionElena Townsite
Land UseResidential
Legal DescriptionTR 2A BLK 26 ELENA TOWNSITE
Census Tract252901
Assessed Land Value$23,558
Assessed Improvement Value$118,370
Assessment Year2025

About this property

Welcome to this charming, move-in ready home nestled on a spacious lot in a desirable unrestricted neighborhood in Highlands, Texas. Freshly painted inside and out; this home offers a bright, clean and inviting atmosphere perfect for first time homebuyers, investors or those looking to downsize. The generous back yard provides plenty of room for entertainment, gardening or future additions. Two porches make this home great for relaxing; whether the morning or evening.

Investor Tools

$0Estimated Mortgage Balance
$164,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$984 /month
Positive
Cash Flow Estimate:
$328 /month

Interested in this property?

Suzanne Heinrich

Main Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$146/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$931
$141,928
2025
$23,558
$118,370
$141,928
No

Tax History

Year
Tax Paid
Assessed Value
2024
$931
$141,928

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$164,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
N/A
+$1,722/mo
12.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Highlands

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407 N Magnolia St | Property Details | No Agent List