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$379,000

$389,000

605 Fm 614, Ovalo, TX, 79541

On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths1,980 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$191.41 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Must-SellAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCeramic Tile, Concrete

Exterior

Lot Size43,386 sqft

Building Information

Year Built2020
Stories1
Roof Type312
Garage Spaces2

Land Information

APNR8750002600
Lot NumberN
SubdivisionSouth Bronco Ranchettes
Land UseResidential
Legal DescriptionSOUTH BRONCO RANCHETTES, LOT N/2 OF 3, ACRES 0.996
Census Tract013501
Assessed Land Value$13,016
Assessed Improvement Value$288,880
Assessment Year2025

About this property

This inviting rural home sits on a full acre of land and features a bright, open-concept layout that makes the entire space feel connected and comfortable. The backyard has been freshly re-leveled and completed with new sod, creating a lush, ready-to-enjoy outdoor space perfect for relaxing or future projects. With peaceful surroundings, plenty of room to spread out, and a layout designed for easy living, this property offers a rare blend of privacy and modern comfort.

Investor Tools

$273,832Estimated Mortgage Balance
$156,509Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,574 /month
Positive
Cash Flow Estimate:
$858 /month

Interested in this property?

Colt Massey

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$567/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,664
$301,896
2025
$13,016
$288,880
$301,896
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,664
$301,896

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fort Worth City Cu
Conventional
$284,500
No
First
Apr 10, 2024
May 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$273,832
$164,168
37%
64%
$1,706/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,360/mo
$1,706/mo
$-346/mo
3.8%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Ovalo

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605 Fm 614 | Property Details | No Agent List