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B+
NoAgentList RatingHow are grades calculated? Info

$314,174

409 W South St, Lindale, TX, 75771

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,587 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$108.19 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringLaminate, Tile

Exterior

Lot Size12,502 sqft

Building Information

Year Built1975
Stories1
Roof Type105
Garage Spaces2

Land Information

APN1-00000-0381-01-010000
SubdivisionA0381 J Gibson
Land UseResidential
Legal DescriptionABST A0381 J GIBSON ABST A0381 J GIBSON ABST A0381 J GIBSON ABST A0381 J GIBSON ABST A0381 J GIBSON ABST A0381 J GIBSON ABST
Census Tract001407
Assessed Land Value$59,650
Assessed Improvement Value$254,524
Assessment Year2025

About this property

In the heart of Lindale and under $300K!! This 4-bedroom, 2-bath home offers over 2,500 sq. ft. of living space in Lindale ISD! Featuring two living areas with a versatile garage conversion, this home is perfect for a growing family or those needing extra space. The converted area could serve as a second living room, media room, game room, teen retreat, or even a luxurious master suite! The open-concept kitchen flows seamlessly into a spacious dining area, complete with bar seating and an extra space ideal for entertaining. Roof and gutters were installed in February 2024, adding to the home's value and peace of mind. Full exterior paint in 2024, making it ready for you! Outside, enjoy the fenced backyard with a concrete patio, perfect for outdoor gatherings. Conveniently located within walking distance to schools, church, and just minutes from shopping, dining, and parks. Come see what this one has to offer!

Investor Tools

Property Icon
$314,174
Estimated Property Value
$240,000Estimated Mortgage Balance
$77,327Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,885 /month
Positive
Cash Flow Estimate:
$628 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$513/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$314,174
2025
$59,650
$254,524
$314,174
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$314,174

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Va
$240,000
Yes
First
Aug 18, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$236,847
$77,327
24%
75%
$1,439/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,439/mo
+$521/mo
7.5%

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: Lindale

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