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$144,000

NAL Estimated Property Value

510 E Frederick St, Riesel, TX, 76682

$187,200 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,589 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$91.25 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Range
FlooringCarpet, Ceramic Tile, Hardwood, Tile

Exterior

Lot Size8,451 sqft

Building Information

Year Built1940
Stories1
Roof Type105

Land Information

APN420024110001010
Lot Number1
SubdivisionMethodist Addition
Land UseResidential
Legal DescriptionMETHODIST ADDITION LOT 1 BLOCK 1 ACRES .194
Census Tract003602
Assessed Land Value$6,340
Assessed Improvement Value$91,200
Assessment Year2025

About this property

Charming 1940s Home in the Heart of Riesel Welcome to this delightful 3-bedroom, 2-bath home nestled in the peaceful, close-knit town of Riesel. Built in 1940, this 1,589 sq ft property blends vintage charm with comfortable living. Beautiful hardwood floors flow through parts of the home, adding warmth and character. The spacious layout includes a cozy living area, functional kitchen, and generous bedrooms. The generously sized backyard features mature trees that provide both shade and privacy — ideal for quiet evenings or weekend gatherings. Located in a peaceful small-town setting just a short drive from Waco, this home has the perfect blend of charm, space, and community. Come experience the warmth and character of Riesel living!

Investor Tools

Property Icon
$144,000
Estimated Property Value
$138,802Estimated Mortgage Balance
$5,198Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$187,200
Rent-to-Value Ratio: 0.72%
Rent Estimate
$870 /month
Positive
Cash Flow Estimate:
$290 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$107/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$562
$97,540
2025
$6,340
$91,200
$97,540
No

Tax History

Year
Tax Paid
Assessed Value
2024
$562
$97,540

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Granite Community Bank
Conventional
$140,650
No
First
Aug 15, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$138,802
$5,198
3%
96%
$844/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$844/mo
+$586/mo
11.9%

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: Riesel

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510 E Frederick St | Property Details | No Agent List