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$180,000

511 Jones Road, Highlands, TX, 77562

SoldInfo
6/12/26
Beds2 Beds
Baths1 Bath
Baths928 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$193.97 / sqft
Year BuiltBuilt in 1957

Property Lead Type:

Off-Market ListHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size11,252 sqft

Building Information

Year Built1957
Stories1
Garage Spaces1

Land Information

APN0591480100035
SubdivisionHighland Farms
Land UseResidential
Legal DescriptionTR 6G BLK 10 HIGHLAND FARMS
Census Tract252902
Assessed Land Value$50,372
Assessed Improvement Value$54,672
Assessment Year2025

About this property

This cute and well-maintained home sits on a spacious quarter-acre fully fenced lot with a HUGE backyard offering tons of potential. Whether you need space for entertaining, pets, extra parking, or future expansion, this property gives you options. There’s even room in the backyard for a mobile home, RV spots, workshop, or additional outdoor setup. Inside, you’ll find thoughtful recent upgrades while still keeping the home’s original charm and character. The brand new 200-amp electrical service provides peace of mind and modern functionality, and all appliances (except fridge) are included, making this home move-in ready from day one. Enjoy the convenience of being just 30 minutes from Downtown Houston while still having the extra space that’s hard to find closer to the city. With 928 square feet of comfortable living space and a lot this versatile, opportunities like this are getting harder to find at an affordable price point.

Investor Tools

Property Icon
$180,000
Estimated Property Value
$0Estimated Mortgage Balance
$103,757Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,080 /month
Positive
Cash Flow Estimate:
$360 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$119/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$526
$105,044
2025
$50,372
$54,672
$105,044
No

Tax History

Year
Tax Paid
Assessed Value
2024
$526
$105,044

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Discover Bank
Stand Alone Second / Subordinate Position
$80,000
No
First
Nov 10, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$76,243
$103,757
57%
42%
$480/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$480/mo
+$827/mo
8.7%

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: Highlands

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511 Jones Road | Property Details | No Agent List