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$428,000

NAL Estimated Property Value

616 Monterey Dr, Keller, TX, 76248

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,416 Sq Ft
price_per_sqft$175.91 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard
Lot Size8,085 sqft

Building Information

Year Built1993
Stories2
Garage Spaces2

Land Information

APN31806H-13-9
Lot Number9
SubdivisionParkwood Subdivision (Keller)
Land UseResidential
Legal DescriptionPARKWOOD SUBDIVISION (KELLER) BLOCK 13 LOT 9
Census Tract113952
Assessed Land Value$95,000
Assessed Improvement Value$287,167
Assessment Year2025

About this property

This beloved home is bursting with potential and ready for your personal touch! Location, location, location! Walk to the Keller Public Library and the Keller Senior Activities Center. Highly ranked Keller schools! Great drive up appeal with beautiful updated black-trimmed windows across the front. Inside the home, you'll be greeted with vaulted ceilings in the entry. Desirable layout with the 1st floor primary suite with dual sinks, separate shower and tub, plus a large walk-in closet. Downstairs also offers a formal dining area and a large living room with a wall of windows, plus built-ins and a fireplace. There's lots of potential for updating the cute kitchen with gas range, stainless appliances, painted cabinets, and window over sink. Upstairs features a gameroom with wet bar and 3 additional bedrooms, one with a built-in desk (which could be removed). Large separate laundry room has a window for natural light, plus room for an extra refrigerator or freezer. The backyard features an awning over the large concrete patio, and a cute storage shed with character and a quaint front porch. Wood deck towards the back of the yard is where the owner kept his smoker-grill. Home needs updating, but it's priced to sell!

Investor Tools

Property Icon
$428,000
Estimated Property Value
$339,514Estimated Mortgage Balance
$88,486Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,568 /month
Positive
Cash Flow Estimate:
$856 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$303/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,496
$382,167
2025
$95,000
$287,167
$382,167
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,496
$382,167

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$345,600
No
First
May 7, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$339,514
$88,486
20%
79%
$2,073/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,510/mo
$2,073/mo
+$437/mo
7.0%

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: Keller

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