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$299,622

NAL Estimated Property Value

509 Canary Ln, Red Oak, TX, 75154

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,428 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$126.05 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Range, Plumbed For Ice Maker
FlooringCeramic Tile, Laminate

Exterior

Lot Size9,932 sqft

Building Information

Year Built1985
Stories1
Roof Type105
Garage Spaces2

Land Information

APN72.7803.901.021.00.111
Lot Number21
SubdivisionRed Oak Ests-Rev
Land UseResidential
Legal DescriptionLOT 21 BLK A RED OAK ESTS-REV 0.228 AC
Census Tract060206
Assessed Land Value$65,000
Assessed Improvement Value$234,622
Assessment Year2025

About this property

HURRY it's under $200,000. This cute 3 bed 2 bath home recently got bit of a makeover. Both bathrooms and the kitchen were just remodeled. New water heater in September, new wood flooring throughout in August and new wood like tile in kitchen and bathrooms in October. New outdoor seating area with pergola added in July and AC serviced in December. New Gutters added Feb 2019. This is a must see and won't last long being an ideal location on a family friendly street and close to the main shopping area.

Investor Tools

Property Icon
$299,622
Estimated Property Value
$154,769Estimated Mortgage Balance
$144,853Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,798 /month
Positive
Cash Flow Estimate:
$599 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$640/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,184
$299,622
2025
$65,000
$234,622
$299,622
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,184
$299,622

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$173,500
No
First
Oct 9, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$154,769
$144,853
48%
52%
$1,041/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$1,041/mo
+$1,039/mo
8.3%

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: Red Oak

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509 Canary Ln | Property Details | No Agent List