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$231,990

501 Sunset Lane, Copperas Cove, TX, 76522

$234,571 ARVInfo
Off MarketInfo
Baths6 Bath
Baths4,503 Sq Ft
ApartmentApartment
price_per_sqft$77.73 / sqft
Year BuiltBuilt in 1971

Highlights

Interior

Bathrooms Full 6Bathrooms Full 6
AppliancesElectric Water Heater, Oven, Refrigerator
FlooringTile

Exterior

Lot Size10,585 sqft

Building Information

Year Built1971

Land Information

APN1-29-09-0000
Lot Number10
SubdivisionCummings Addn #2
Land UseApartment Complex
Legal DescriptionCUMMINGS ADDN #2, BLOCK 2, LOT 10, ACRES .243
Census Tract010702
Assessed Land Value$18,500
Assessed Improvement Value$213,490
Assessment Year2025

About this property

This 6-unit multi-family property in Copperas Cove is a fantastic addition to any portfolio. Ideally located near schools, shopping, and major roadways, this property offers high rental demand in a growing area. Each unit is well-maintained with tenant-friendly layouts, ensuring steady occupancy and reliable income. Whether you’re a seasoned investor or just starting out, this property offers both immediate cash flow potential and long-term value in a thriving market.

Investor Tools

Property Icon
$231,990
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$234,570
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$452/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,260
$231,990
2025
$18,500
$213,490
$231,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,260
$231,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Extraco Banks Na
Non-Purchase Money Mortgage / Home Equity
$255,000
No
First
Aug 13, 2025
Aug 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$251,649
N/A
0%
108%
$1,529/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: Copperas Cove

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501 Sunset Lane | Property Details | No Agent List