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$326,000

NAL Estimated Property Value

5612 Bonnie Drive, Watauga, TX, 76148

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,300 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$65.17 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
AppliancesDishwasher, Gas Cooktop, Gas Oven
FlooringCarpet, Ceramic Tile, Concrete, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size13,504 sqft

Building Information

Year Built1951
Garage Spaces4

Land Information

APN37570-5-20
Lot Number20
SubdivisionSchellinger, I J Subdivision
Land UseResidential
Legal DescriptionSCHELLINGER, I J SUBDIVISION BLOCK 5 LOT 20
Census Tract113809
Assessed Land Value$45,000
Assessed Improvement Value$107,000
Assessment Year2025

About this property

Investment opportunity. HUGE double lot (each side is .32acres + or -) LARGE enclosed workshop, with electricity. Over sized 4 car garage-carport. Houee needs work, but would be a great rental. Perfect arrangement for someone who runs a business, workshop, etc. and wants to live on the same property. Would also be a great investment opportunity for multi-generational family that wants to add a mobile home, or build on the 2nd lot.

Investor Tools

Property Icon
$326,000
Estimated Property Value
$0Estimated Mortgage Balance
$326,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,956 /month
Positive
Cash Flow Estimate:
$652 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$443/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,691
$152,000
2025
$45,000
$107,000
$152,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,691
$152,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$326,000
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: Watauga

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5612 Bonnie Drive | Property Details | No Agent List