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$200,000

NAL Estimated Property Value

506 S Rike Street, Farmersville, TX, 75442

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,476 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$118.22 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListHigh EquityCash BuyersVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Range, Gas Water Heater
FlooringLinoleum, Tile, Wood

Exterior

Lot Size19,733 sqft

Building Information

Year Built1956
Stories1

Land Information

APNR-1069-005-0210-1
Lot Number21A
SubdivisionWiley Addition (Cfc)
Land UseResidential
Legal DescriptionWILEY ADDITION (CFC), BLK 5, LOT 21A
Census Tract031101
Assessed Land Value$99,900
Assessed Improvement Value$61,459
Assessment Year2025

About this property

Make your HGTV dreams come to life in this charming cottage style home that is just moments from historic downtown Farmersville. Imagine spending time with those you love in the spacious living room, or sitting around the table in the formal dining room that boasts original french doors with all the character. On nearly a half acre lot, there is plenty of room for outdoor activities. The potential is endless! You won't find another 3 bedroom, 2 bath home in Farmersville for under $200k!

Investor Tools

Property Icon
$200,000
Estimated Property Value
$0Estimated Mortgage Balance
$200,000Estimated Equity
100% 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
$391/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,690
$161,359
2025
$99,900
$61,459
$161,359
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,690
$161,359

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$200,000
100%
0%
$0/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: Farmersville

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506 S Rike Street | Property Details | No Agent List