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$410,695

NAL Estimated Property Value

510 Franklin Dr, San Marcos, TX, 78666

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,773 Sq Ft
price_per_sqft$145.8 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Electric Water Heater
FlooringCarpet, Laminate

Exterior

Exterior FeaturesPrivate Yard

Building Information

Year Built2019
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR36740
SubdivisionOak Heights
Land UseResidential
Legal DescriptionOAK HEIGHTS 42-80 LOT PT OF 6 BLK 2 GEO#330210749450 TAX CODES:SSM,WEU,WUS
Census Tract010601
Assessed Land Value$105,020
Assessed Improvement Value$337,530
Assessment Year2025

About this property

Super clean move in ready 3/2/2 home located in Walking distance to TSU West Campus and Crockett Elementary, downtown and the beautiful San Marcos River. A true mid-century split level with remodeled bonus area that could be an office, workout area or even a 4th bedroom!Large fenced .37 acre lot backs up to private green-space with large trees.Upgrades include new 50 yr roof, insulated garage doors, HVAC, exterior and interior paint. Other updates include WH, flooring, dual pane windows & 10x14 Tuff Shed.

Investor Tools

Property Icon
$410,695
Estimated Property Value
$188,459Estimated Mortgage Balance
$222,236Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,464 /month
Positive
Cash Flow Estimate:
$821 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$690/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,224
$410,695
2025
$105,020
$337,530
$442,550
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,224
$410,695

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
University Fcu
Conventional
$217,080
No
First
Sep 24, 2019
Oct 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$188,459
$222,236
54%
46%
$1,302/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,302/mo
+$338/mo
4.8%

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: San Marcos

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510 Franklin Dr | Property Details | No Agent List