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$192,000

502 N River Oaks Dr, Burnet, TX, 78611

$195,072 ARVInfo
Under ContractInfo
Beds2 Beds
Baths2 Bath
Baths1,560 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$128.21 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range
FlooringTile

Exterior

Private PoolPrivate Pool
Lot Size21,375 sqft

Building Information

Year Built1969
Garage Spaces2

Land Information

APN36843
Lot Number114
SubdivisionRiver Oaks
Land UseResidential
Legal DescriptionS7300 RIVER OAKS LOT 114,PT OF 113,& E 1/2 OF 115
Census Tract960401
Assessed Land Value$75,454
Assessed Improvement Value$193,000
Assessment Year2025

About this property

Experience the ultimate lakefront lifestyle in this charming 2-bedroom home with an enclosed finished-out, back porch. This property offers incredible versatility, making it ideal for both short-term rentals and long-term living. The home's open-concept layout is a canvas ready for your creative touch, allowing you to embrace the trendy Farmhouse aesthetic. Picture the shiplap wood ceilings coming to life with your personal style. Surrounded by lush, towering trees, the home boasts exceptional curb appeal. The expansive fenced yard invites you to create lasting memories, whether it's gathering around the fire pit or considering potential property expansion. What sets this property apart is its exclusive access to two gated POA parks. Park #1 features a scenic path leading to a waterfront area adorned with tranquil rock outcroppings, making it your new favorite spot for serene swims and group picnics. Just down the lane, Park #2 offers aquatic adventures with a boat ramp on the Colorado arm of Lake LBJ, complete with a dedicated fishing and swimming pier. Don't miss the opportunity to enjoy unparalleled lakefront living in this extraordinary home!

Investor Tools

Property Icon
$192,000
Estimated Property Value
$140,000Estimated Mortgage Balance
$53,632Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$108/month
$170/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$337
$172,260
2025
$75,454
$193,000
$268,454
No

Tax History

Year
Tax Paid
Assessed Value
2024
$337
$172,260

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$140,000
No
First
Sep 3, 2025
Oct 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$138,574
$52,426
27%
72%
$840/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.

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: Burnet

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