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$249,000

605 E Elm Street, Hillsboro, TX, 76645

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,616 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.08 / sqft
Year BuiltBuilt in 1925

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Cooktop, Electric Range, Disposal, Gas Water Heater, Oven, Some Electric Appliances, Microwave, Range
FlooringCarpet Free

Exterior

Private PoolPrivate Pool
Exterior FeaturesCovered Patio, Porch, Private Yard, Rain Gutters, Storage
Lot Size10,629 sqft

Building Information

Year Built1925
Garage Spaces2

Land Information

APN112258
Lot Number91A
SubdivisionCraig
Land UseResidential
Legal DescriptionCRAIG LT 91A
Census Tract960800
Assessed Land Value$11,990
Assessed Improvement Value$165,310
Assessment Year2025

About this property

Fully updated 3-bedroom, 2-bathroom 1925 Rambler (1,616 sqft on a 0.24-acre lot) with an "Effective Age" of 12 years! Turn-key ready with a new roof (Apr 2025), new HVAC (Dec 2025), updated plumbing (2022), and a 2018 water heater. Features storm-sashed windows, galvanized gutters, and an accessible pier/beam foundation. Inside, enjoy raised ceilings, decorative molding, and updated flooring with no carpet or linoleum. The modern kitchen and baths feature stone-type counters. Includes a range, dishwasher, microwave, and disposal. Outside, you will find covered porches, a long driveway, a 2-car detached garage, and a 1-car carport. The backyard features chain-link fencing, a west-side wood privacy fence, and a dog pen. Perk: 2025 taxes ($4,398) were assessed as an investment property; owner-occupants may lower taxes with a homestead exemption!

Investor Tools

Property Icon
$223,000
Estimated Property Value
$0Estimated Mortgage Balance
$70,454Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,494 /month
Positive
Cash Flow Estimate:
$498 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$172/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$950
$177,300
2025
$11,990
$165,310
$177,300
No

Tax History

Year
Tax Paid
Assessed Value
2025
$950
$177,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ameritrust Mortgage Corp
Conventional
$161,150
No
First
Jul 31, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$152,546
$70,454
31%
68%
$967/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.

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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: Hillsboro

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