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$294,277

NAL Estimated Property Value

421 Forest Drive, College Station, TX, 77840

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,492 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$120.31 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Washer, Refrigerator, Dishwasher, Microwave, Electric Range

Exterior

Lot Size4,282 sqft

Building Information

Year Built2004
Stories2

Land Information

APN290485-0003-4210
SubdivisionGateway Villas Condos Ph 1
Land UseResidential
Legal DescriptionGATEWAY VILLAS CONDOS PH 1, BLDG C, UNIT 421 BLDG C, UNIT 421
Census Tract001301
Assessed Land Value$39,000
Assessed Improvement Value$255,277
Assessment Year2025

About this property

This beautiful 3-bedroom, 3.5 bath unit is move-in ready! Per seller, the water heater was replaced July 2018, roof replaced 2019, both hot water and cold water pipes replaced July 2018, A/C replaced 2015. Recent neutral paint throughout most of the unit! Gateway Villas is quietly tucked away in a serene setting, yet so close to shopping and dining options like Texas Roadhouse, Cheddars, Fish Daddy's, Panera, Michaels, Half Price Books, Starbucks etc. You will enjoy access to TWO pools, front yard maintenance, three parking spaces right in front of the unit (2 are shaded in the afternoon!!), and a great location for either Texas A&M or Blinn College!!

Investor Tools

Property Icon
$294,277
Estimated Property Value
$0Estimated Mortgage Balance
$294,277Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,766 /month
Positive
Cash Flow Estimate:
$589 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$530/month
$110/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,891
$294,277
2025
$39,000
$255,277
$294,277
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,891
$294,277

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$294,277
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,480/mo
$110/mo
+$1,370/mo
6.0%

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.

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: College Station

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421 Forest Drive | Property Details | No Agent List