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$180,000

409 S College Dr, Keene, TX, 76059

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,040 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$173.08 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesGas Range, Refrigerator
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Lot Size33,106 sqft

Building Information

Year Built1946
Garage Spaces1

Land Information

APN126.0114.00240
Land UseResidential
Legal DescriptionABST 114 TR 24 BBB & C RR CO
Census Tract130303
Assessed Land Value$21,000
Assessed Improvement Value$53,338
Assessment Year2025

About this property

OWNER FINANCING AVAILABLE. This charming 2-bedroom, 2-bath home sits on a generous ¾-acre lot filled with mature trees, offering plenty of space and privacy. Nestled in a quiet small town, it’s the perfect place to enjoy peaceful living with a close-knit community feel. One car garage with additional shop space for projects or storage. The home features updated windows, kitchen and bathroom, and other recent improvements, adding comfort and efficiency while maintaining its original charm. Only a few blocks from Southwestern Adventist University, this home is conveniently located just 1 mile from Highway 67 and only 12 minutes to Cleburne or Burleson, you’ll have easy access to shopping, dining, and amenities while still enjoying the slower pace of life. Full of character and potential—ideal for first-time buyers, downsizers, or anyone looking for a cozy home with room to grow.

Investor Tools

Property Icon
$173,000
Estimated Property Value
$144,000Estimated Mortgage Balance
$30,892Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,080 /month
Positive
Cash Flow Estimate:
$360 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$218/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,755
$74,338
2025
$21,000
$53,338
$74,338
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,755
$74,338

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sidney Byron Findley Jr
Seller Carryback / Seller Financing / Seller Take-Back
$144,000
No
First
Aug 22, 2025
Aug 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$142,108
$30,892
17%
82%
$864/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$864/mo
+$1,063/mo
13.4%

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: Keene

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409 S College Dr | Property Details | No Agent List