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Days215Days on Market
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$90,000

502 Locust St, Idalou, TX, 79329

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths750 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$120 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Cooktop, Electric Oven, Microwave
FlooringCarpet, Laminate

Exterior

Exterior FeaturesPrivate Yard
Lot Size10,500 sqft

Building Information

Year Built1953
Roof Type105
Garage Spaces150

Land Information

APNR50914
Lot Number10
SubdivisionRoss
Land UseResidential
Legal DescriptionROSS BLK 5 L 1 & N25'OF 2
Census Tract010102
Assessed Land Value$4,500
Assessed Improvement Value$53,465
Assessment Year2025

About this property

Back on the market at no fault of the sellers! The prior buyer had a change of plans before moving forward. Great opportunity! This home qualifies for a USDA loan, meaning no down payment is required! Full of charm and character! This adorable 2-bedroom, 1 bath home in Idalou sits on an oversized lot, offering plenty of room to spread out and enjoy small town living. Inside, you'll find a cozy layout with a mix of classic details and thoughtful updates that make this home move in ready while keeping its original charm intact. The spacious backyard is perfect for entertaining, gardening, or future expansion. Located in the heart of Idalou, you'll love the convenience of being close to schools, parks, and local favorites. Don't miss this one, homes like this don't come around often!

Investor Tools

$52,147Estimated Mortgage Balance
$43,853Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$576 /month
Positive
Cash Flow Estimate:
$192 /month

Interested in this property?

Josh Nichols

Providence Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$108/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$814
$57,965
2025
$4,500
$53,465
$57,965
No

Tax History

Year
Tax Paid
Assessed Value
2024
$814
$57,965

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Fha
$54,003
Yes
First
Jun 13, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$52,147
$43,853
45%
54%
$324/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
$324/mo
+$693/mo
12.7%

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: Idalou

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