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$461,000

NAL Estimated Property Value

608 Franklin Dr, San Marcos, TX, 78666

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,650 Sq Ft
price_per_sqft$257.58 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Electric Oven, Built-In Electric Range, Dishwasher, Microwave
FlooringCarpet, Tile

Exterior

Exterior FeaturesPrivate Yard

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APNR36790
SubdivisionOak Heights
Land UseResidential
Legal DescriptionOAK HEIGHTS 42-132 LOT PT OF 17-18 BLK 5 GEO#329630748810 TAX CODES:SSM,WEU,WUS
Census Tract010601
Assessed Land Value$94,460
Assessed Improvement Value$349,930
Assessment Year2025

About this property

Gorgeous oak filled lot in desirable Oak Heights - nice house included ! Live on the street with the huge oak tree in the middle. Oak Heights is minutes from the miles of trails at Purgatory Creek, Ringtail Ridge, and Spring Lake Natural Area. Walking/biking distance to Texas State and one block from one of San Marcos's best coffee shops - Wake The Dead! The house is set back on the large oak filled lot and has a circular driveway. Great curb appeal featuring limestone style brick. Large formal living room with bay window and formal dining room. Cozy den with vaulted ceilings and view of the pristine back yard. Informal dining area open to kitchen. Laundry room features built in cabinets, pantry, fold down ironing board, and built in desk. Master bedroom has 2 closets, view of back yard, and en suite bath with shower. Second bath has unique design with 2 vanities separated by swinging doors. 1 guest bedroom has a bay window facing the front lawn. The other guest bedroom has 2 closets. 2 car garage features built in cabinets, work bench, and built in shelves.

Investor Tools

Property Icon
$461,000
Estimated Property Value
$0Estimated Mortgage Balance
$461,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,766 /month
Positive
Cash Flow Estimate:
$922 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$933/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,888
$444,390
2025
$94,460
$349,930
$444,390
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,888
$444,390

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$444,390
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
N/A
+$1,640/mo
4.3%

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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608 Franklin Dr | Property Details | No Agent List