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$118,000

NAL Estimated Property Value

421 Clay Street, Richmond, TX, 77469

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths792 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$273.99 / sqft
Year BuiltBuilt in 1942

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Gas Range
FlooringTile, Vinyl

Exterior

Lot Size8,276 sqft

Building Information

Year Built1932

Land Information

APN6005-01-000-0032-901
Lot Number4
SubdivisionNewton West S/D Sec 1
Land UseResidential Single Family Houses
Legal DescriptionNEWTON WEST S/D SEC 1, LOT 4 (PART), ACRES 0.19
Census Tract674900
Assessed Land Value$8,427
Assessed Improvement Value$78,867
Assessment Year2025

About this property

Charming RE-BUILT home in the new up & coming Richmond area! This is MUCH MORE than your average remodeled home. This home has had everything rebuilt to city code requirements which includes ALL NEW FRAMING, electrical, plumbing/sewer, roof, foundation, etc. Just about everything is brand new from top to bottom, inside & out, with higher end custom designs! The home also sits on a large lot that extends beyond eyes reach! Get creative, and build your very own recreational space in your backyard! ---- Next door homes are expected to be remodeled, as well as neighborhood upgrades & developments, creating easy access into Pecan Grove. Prime & Peaceful location in the making! ---- all while having NO HOA! **Driveway, sidewalk, & curb are currently in progress in front of the home, excuse the temporary mess!**

Investor Tools

Property Icon
$118,000
Estimated Property Value
$214,146Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,302 /month
Positive
Cash Flow Estimate:
$434 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$49/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$87,294
2025
$8,427
$78,867
$87,294
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$87,294

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nexa Mortgage Llc
Va
$221,062
Yes
First
Aug 30, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$214,146
N/A
0%
181%
$1,326/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,780/mo
$1,326/mo
+$454/mo
18.1%

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: Richmond

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421 Clay Street | Property Details | No Agent List