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A+
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$430,000

6533 Us Highway 83, Ovalo, TX, 79541

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,732 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$106.15 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
FlooringLaminate, Tile, Wood

Exterior

Exterior FeaturesDog Run, Gray Water System, Rain Gutters
Lot Size3.10 acres

Building Information

Year Built1947
Stories1
Roof Type105

Land Information

APNA1296000300
SubdivisionSur 32 S P Ry Co
Land UseResidential
Legal DescriptionA1296 SUR 32 S P RY CO, BLOCK 1, ACRES 3.1
Census Tract013501
Assessed Land Value$47,873
Assessed Improvement Value$209,296
Assessment Year2025

About this property

Built in 1947 and updated in the last 10 years. 2,732 Square Feet 3 bedroom 2 full bath, mud room, back deck, living room with fire place, formal dining room. Pier and Beam, Septic, new roof in 2019. Located 5 miles South of Tuscola, TX. on Highway 83 in the Jim Ned Independent School District. Giant, Mature, Blackjack Oaks, Live Oaks, Pecan, Elm, Cedar, and Mesquite trees. Excellent stand of native grasses and forbes. House has a water meter. Rain collection system off the roof for garden. Older water well with windmill needs to re worked. Property is estimated to 3.2 acres will need to be surveyed.

Investor Tools

Property Icon
$430,000
Estimated Property Value
$251,750Estimated Mortgage Balance
$192,508Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,580 /month
Positive
Cash Flow Estimate:
$860 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$374/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,341
$257,169
2025
$47,873
$209,296
$257,169
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,341
$257,169

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$251,750
No
First
Apr 3, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,492
$192,508
44%
55%
$1,510/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,360/mo
$1,510/mo
$-150/mo
3.8%

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: Ovalo

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6533 Us Highway 83 | Property Details | No Agent List