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$78,000

NAL Estimated Property Value

4230 Arapaho Dr, May, TX, 76857

$101,400 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,064 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$89.29 / sqft
Year BuiltBuilt in 1985

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
FlooringVinyl

Exterior

Exterior FeaturesStorage
Lot Size15,708 sqft

Building Information

Year Built1985

Land Information

APN47313
Lot Number582-584
SubdivisionThunderbird Bay Section I
Land UseResidential
Legal DescriptionTHUNDERBIRD BAY SECTION I, LOT 582-584, MH LABEL # TEX0370983
Census Tract950100
Assessed Land Value$14,140
Assessed Improvement Value$51,270
Assessment Year2025

About this property

Welcome to 4230 Arapaho Dr, May, TX, a peaceful 3-bedroom, 2-bath retreat nestled in the welcoming lake community of Thunderbird Bay near Lake Brownwood. Situated on three corner lots totaling 0.36 acres, this well-maintained single-wide home offers multiple spaces, including screened and mud porches, a wooden deck, and paved driveways for easy access. You'll also find a 280 sq. ft. attached carport with a covered walkway to the front door, plus a spacious 504 sq. ft. detached carport that can fit up to 3 vehicles. Need storage? This property includes two storage sheds (144 and 192 sq. ft.) and even a storm shelter for peace of mind. A 6-foot chain-link fence with two double gates encloses most of the yard. Inside, the home is clean, comfortable, and move-in ready, furniture included. The open-concept living, kitchen, and dining areas flow seamlessly. The kitchen features a charming butcher block island, and the utility area is conveniently located just off the kitchen. The primary bedroom offers a walk-in closet and an en-suite bathroom. On the opposite side of the home, you’ll find 2 additional bedrooms and a second full bath. As a homeowner in Thunderbird Bay, you’ll enjoy access to a saltwater pool, private park, two boat ramps, and a community dock that are just minutes away. With Lake Brownwood full and sparkling, now is the perfect time to embrace the lake lifestyle. Schedule your showing today and come see what lake life is all about!

Investor Tools

Property Icon
$78,000
Estimated Property Value
$0Estimated Mortgage Balance
$78,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$101,400
Rent-to-Value Ratio: 0.72%
Rent Estimate
$570 /month
Positive
Cash Flow Estimate:
$190 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$99/month
$265/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$798
$65,410
2025
$14,140
$51,270
$65,410
No

Tax History

Year
Tax Paid
Assessed Value
2025
$798
$65,410

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$78,000
100%
0%
$0/mo

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: May

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4230 Arapaho Dr | Property Details | No Agent List