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$292,470

NAL Estimated Property Value

408 Texas Ave, Hewitt, TX, 76643

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,680 Sq Ft
price_per_sqft$157.74 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator
FlooringLaminate, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size17,799 sqft

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces2

Land Information

APN363300000085004
Lot Number3
SubdivisionParker Hts
Land UseResidential
Legal DescriptionPARKER HTS LOT 3 BLOCK F ACRES .4086
Census Tract003708
Assessed Land Value$28,660
Assessed Improvement Value$263,810
Assessment Year2025

About this property

Welcome to this beautiful home nestled in the heart of Hewitt; known for its large lots, mature trees, and peaceful streets. Desired Midway School District! This home offers both style and substance on a generous .42-acre lot. No popcorn ceilings here! The spacious living room features a cozy wood-burning fireplace, mantel, and bay window - perfect for relaxing or entertaining. The kitchen features granite countertops, stainless steel appliances, counter space for stools and tiled floors with laminate floors extending throughout the rest of the home. No carpet! All the bedrooms are spacious, and the primary suite includes double sinks and two walk-in closets. Yes, two! Vinyl windows from Window World bring in natural light while improving energy efficiency (age unknown). Additional highlights include: oversized side-entry 2-car garage with extra parking space, replaced sewer line (2019), new roof (2021), updated electrical panel (2022), new water heater and garage door opener (2025) The covered back patio and lush landscaping with shade trees, crepe myrtles, and perennials create a peaceful outdoor retreat. The spacious backyard offers endless potential like add a pool, workshop, vegetable garden, or play area. Don’t miss the opportunity to own this well-maintained gem in a fantastic location. This home is ready for you to move in!

Investor Tools

Property Icon
$292,470
Estimated Property Value
$277,790Estimated Mortgage Balance
$14,680Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,755 /month
Positive
Cash Flow Estimate:
$585 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$473/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,218
$292,470
2025
$28,660
$263,810
$292,470
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,218
$292,470

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Fha
$282,340
Yes
First
Jun 20, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$277,790
$14,680
5%
95%
$1,693/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,720/mo
$1,693/mo
+$27/mo
7.1%

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: Hewitt

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408 Texas Ave | Property Details | No Agent List