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$300,000

NAL Estimated Property Value

408 Railey Cv, Springtown, TX, 76082

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,647 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$181.54 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCeramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size12,458 sqft

Building Information

Year Built2002
Stories1
Garage Spaces2

Land Information

APN12138-001-040-00
Lot Number40
SubdivisionEstates Of Springtown
Land UseResidential
Legal DescriptionACRES: 0.286 SUBD: ESTATES OF SPRINGTOWN LOT: 40 BLK: 1 ADDN: EST OF SPRINGTOWN
Census Tract140403
Assessed Land Value$50,000
Assessed Improvement Value$245,670
Assessment Year2025

About this property

Welcome to 408 Railey Cove, Springtown, TX! This charming 3-bedroom, 2-bath home is a perfect blend of comfort & modern updates. The clean & functional kitchen offers an electric range, simple hardware, & pantry, making it the ideal space for family gatherings flowing into the dining area. The primary bedroom suite offers a luxurious retreat with dual sinks, a jetted tub, a separate shower, & walk-in closet. Step outside to enjoy the backyard, complete with a covered patio-perfect for outdoor entertaining or simply relaxing. This home has seen numerous updates, ensuring it’s move-in ready. These updates include a new AC unit, texture refresh throughout, new interior & exterior doors, updated interior paint, all new ceiling fans, & mostly new tile flooring throughout the home. The exterior was also freshly painted just a month ago. Don’t miss the opportunity to make 408 Railey Cove your new home. Schedule a showing today & experience all the wonderful features this home has to offer!

Investor Tools

Property Icon
$300,000
Estimated Property Value
$271,022Estimated Mortgage Balance
$28,978Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$485/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$295,670
2025
$50,000
$245,670
$295,670
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$295,670

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zillow Home Loans Llc
Conventional
$279,775
No
First
Aug 2, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$271,022
$28,978
9%
90%
$1,678/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.

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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: Springtown

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