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$165,000

NAL Estimated Property Value

6506 Fallengate Dr, Spring, TX, 77373

$185,156 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,446 Sq Ft
price_per_sqft$121.02 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size5,998 sqft

Building Information

Year Built1978
Stories1
Garage Spaces2

Land Information

APN1104910000012
Lot Number12
SubdivisionGreengate Place
Land UseResidential
Legal DescriptionLT 12 BLK 31 GREENGATE PLACE SEC 5 R/P
Census Tract241002
Assessed Land Value$47,742
Assessed Improvement Value$117,258
Assessment Year2025

About this property

Enjoy the comfort and convenience of this charming one story home that did not flood! This home features 3 bedrooms and 2 full bathrooms, with plenty of space for your family and guests. The large den has vaulted ceilings and a wood burning fireplace, creating a cozy and inviting atmosphere. The open floor plan connects the den with the dining area, which can accommodate both casual and formal dining. The kitchen has ample cabinets and counter space, making it easy to prepare your favorite meals. The bedrooms are generous in size, with the master bedroom having its own private bathroom. The backyard is spacious and fenced, perfect for outdoor activities and relaxation. The home is also walking distance to the elementary school, adding to its convenience. Don't miss this opportunity to own this lovely home that has been well maintained by its owners!

Investor Tools

Property Icon
$165,000
Estimated Property Value
$0Estimated Mortgage Balance
$165,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$185,156
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,050 /month
Positive
Cash Flow Estimate:
$350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$186/month
$310/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,411
$165,000
2025
$47,742
$117,258
$165,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,411
$165,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$165,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,950/mo
$310/mo
+$1,640/mo
14.2%

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.

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: Spring

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6506 Fallengate Dr | Property Details | No Agent List