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$200,000

609 4th Street, Honey Grove, TX, 75446

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,238 Sq Ft
DuplexDuplex
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Disposal, Dryer, Electric Range, Gas Water Heater, Microwave, Refrigerator, Washer
FlooringCarpet, Ceramic Tile

Exterior

Lot Size20,255 sqft

Building Information

Year Built2005

Land Information

APN110295
Land UseResidential
Legal DescriptionA0571 J A JEFFRIES, ACRES .465
Census Tract950100
Assessed Land Value$29,780
Assessed Improvement Value$201,870
Assessment Year2025

About this property

Rare opportunity to own a FULL duplex at this incredible price! Approx 12 min from Bois d' Arc lake! Ideal for investors or buyers who want to live on one side and gain rental income from the other side! 609 - 2 bedroom, one bath unit with 1 car carport is currently vacant. 611 - 3 bedroom, two bath unit with 1 car carport is occupied and has been for years per seller. Occupant would like to stay. ** Pictures are the two bedroom unit** Ceramic tile floors, open floorplan, range, built-in microwave, refrigerator, washer and dryer included. Deck off the back overlooks trees and .45 acres. 3 bedroom unit is similar to the 2 bedroom except has updated vinyl flooring in living area, kitchen and hallway (2024), updated guest bath shower (2023), updated water heater (2024), washer, dryer and refrgerator also included.

Investor Tools

Property Icon
$231,650
Estimated Property Value
$0Estimated Mortgage Balance
$48,774Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,390 /month
Positive
Cash Flow Estimate:
$463 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$378/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,372
$231,650
2025
$29,780
$201,870
$231,650
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,372
$231,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Platinum Eagle Mortgage Llc
Conventional
$190,000
No
First
Apr 10, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$182,876
$48,774
21%
79%
$1,140/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: Honey Grove

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609 4th Street | Property Details | No Agent List