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$228,000

494 County Road 42640, Reno, TX, 75462

$293,528 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,268 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$100.53 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesGas Range, Other

About this property

Welcome to this charming rural home situated on 7.81 acres of peaceful land, offering endless potential and the perfect opportunity for someone to finish making it their own. The home features 3 spacious bedrooms, 2 bathrooms, and a bonus room, providing 2,268 square feet of living space. While the home has undergone a partial renovation, there is still work to be done to bring this property to its full potential. The living room, hallway, primary bedroom, and all 3 bedrooms are already equipped with finished sheetrock, and much of the flooring has been installed. The primary bathroom is beautifully updated with a new vanity, a walk-in closet, and a tub-shower combo. Additionally, a recent tankless water heater has been installed, and a new propane line has been run to the water heater and gas range, providing modern and efficient utility options. The remaining renovation materials, including flooring and supplies, will be conveyed with the property, so you can continue the work seamlessly. On the property, you'll also find a small barn and a metal shop, perfect for storing equipment or taking on projects. The solar panels are leased, offering an eco-friendly energy solution while keeping your utility costs in check. This property combines the peacefulness of country living with the potential for customization and the added bonus of a spacious lot for gardening, hobbies, or expansion. With a bit of work, this home could become a true rural retreat!

Investor Tools

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$0
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$293,528
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,368 /month
Positive
Cash Flow Estimate:
$456 /month

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Financing Details

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

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: Reno

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494 County Road 42640 | Property Details | No Agent List