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$259,900

502 W Texas Ave, Iowa Park, TX, 76367

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,955 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$132.94 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringCarpet, Vinyl

Exterior

Lot Size14,201 sqft

Building Information

Year Built1960
Roof Type105
Garage Spaces2

Land Information

APN6A28 074 00
Lot Number1,2
SubdivisionTexas
Land UseResidential
Legal DescriptionLOTS 1-2 BLK 7 TEXAS
Census Tract013600
Assessed Land Value$16,000
Assessed Improvement Value$223,934
Assessment Year2025

About this property

Welcome to this beautifully rehabbed home, offering modern updates, an inviting open floor plan, and plenty of space both inside and out. The spacious layout creates an easy flow between the living, dining, and kitchen areas, making this home ideal for everyday living and entertaining. The recently remodeled kitchen features granite countertops, stainless steel appliances, and new light fixtures, blending style and functionality. Both bathrooms have also been tastefully remodeled with fresh, modern finishes. Luxury vinyl plank flooring adds durability and style to the wet areas, while comfortable carpet in the bedrooms provides a warm and inviting feel. Outside, enjoy the benefits of a large backyard with plenty of room for pets, play, gardening, or entertaining. Situated on a desirable corner lot, this property offers added yard space and excellent curb appeal. With extensive recent renovations and a functional, open design, this move-in-ready home is a great opportunity in highly sought after Iowa Park ISD!

Investor Tools

$92,268Estimated Mortgage Balance
$154,961Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,559 /month
Positive
Cash Flow Estimate:
$520 /month

Interested in this property?

Sven Haterius

Texas Ally Real Estate Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$395/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$239,934
2025
$16,000
$223,934
$239,934
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$239,934

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Meredith Nicole Berkey
Assumption
$112,350
Yes
First
Nov 16, 2017
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$92,268
$147,666
61%
37%
$674/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$674/mo
+$866/mo
7.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Iowa Park

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502 W Texas Ave | Property Details | No Agent List