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$319,670

NAL Estimated Property Value

415 Spring River Dr, Martindale, TX, 78655

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,503 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$139.06 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Dishwasher, Disposal, Microwave, Electric Water Heater
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard, RV Hookup
Lot Size21,911 sqft

Building Information

Year Built1997
Stories1
Garage Spaces1

Land Information

APN1000879-002-016-00
Lot Number16
SubdivisionSpring River Estates
Land UseResidential
Legal DescriptionSPRING RIVER ESTATES, BLOCK B, LOT 16, ACRES .503
Census Tract960501
Assessed Land Value$31,500
Assessed Improvement Value$288,170
Assessment Year2025

About this property

Located just a few minutes outside of San Marcos, this home sits on a large lot in Spring River Estates of Martindale. This 3BD/2BA home offers plenty of space with a french-doored study or 4th bedroom. Garage converted to living space makes for a great bonus room area! Enjoy grilling on the huge covered back patio after a fun day at the neighborhood's private park complete with San Marcos River access, picnic tables, BBQ grill, and dock. Tile flooring throughout, updated bathrooms, and fresh paint!Restrictions: Yes

Investor Tools

Property Icon
$319,670
Estimated Property Value
$170,720Estimated Mortgage Balance
$148,950Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,918 /month
Positive
Cash Flow Estimate:
$639 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$430/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,560
$319,670
2025
$31,500
$288,170
$319,670
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,560
$319,670

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Caliber Home Loans Inc
Fha
$194,561
Yes
First
Feb 14, 2020
Mar 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$170,720
$148,950
46%
53%
$1,167/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,631/mo
$1,167/mo
+$464/mo
6.1%

City: Martindale

415 Spring River Dr | Property Details | No Agent List