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$415,000

408 Ovilla Rd, Waxahachie, TX, 75167

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,920 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$216.15 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Vented Exhaust Fan
FlooringCeramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size1.21 acres

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces2

Land Information

APN90.6601.000.001.00.112
Lot Number1
SubdivisionNail Ests-Rev
Land UseResidential
Legal DescriptionLOT 1 NAIL ESTS-REV 1.209 AC
Census Tract060211
Assessed Land Value$105,000
Assessed Improvement Value$296,470
Assessment Year2025

About this property

Custom-built MOVE-IN READY 4-2-2 county property on more than 1 acre! The property extends beyond the tree line, leading to a private seasonal pond. Backyard oasis features a large, covered porch, custom in-ground swimming pool, a spacious workshop for hobbyists or storage, and a covered picnic area for gatherings. Inside you’ll find new flooring throughout, high ceilings and a brick fireplace. Large primary suite is adorned with decorative tray ceiling, flooded with natural light, and an expansive walk-in closet! You'll adore this serene retreat, that is perfectly positioned between downtown Waxahachie's historic charm and Midlothian's modern conveniences.

Investor Tools

Property Icon
$411,000
Estimated Property Value
$380,000Estimated Mortgage Balance
$48,849Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$750/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,941
$401,470
2025
$105,000
$296,470
$401,470
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,941
$401,470

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Link
Conventional
$380,000
No
First
Oct 23, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$362,151
$48,849
11%
88%
$2,279/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,190/mo
$2,279/mo
+$911/mo
9.3%

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: Waxahachie

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408 Ovilla Rd | Property Details | No Agent List