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$149,000

NAL Estimated Property Value

664 County Road 5040, Leonard, TX, 75452

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths1,000 Sq Ft
price_per_sqft$154 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
AppliancesElectric Water Heater
FlooringConcrete

Exterior

Lot Size1 acre

Building Information

Year Built2022

Land Information

APN131964
Land UseResidential
Legal DescriptionA1090 J W STOVALL, ACRES 1.0
Census Tract950701
Assessed Land Value$80,000
Assessed Improvement Value$36,470
Assessment Year2025

About this property

Discover the opportunity at 644 CR 5040 in Leonard TX. Built in 2022 this barndominium sits on a 30x40 concrete slab on one beautiful acre in the countryside. The two-room interior remains in great condition while the exterior structure needs repairs due to tornado damage. This is a true diamond in the rough ideal for someone with construction skills or an investor looking for a project. Enjoy peaceful rural living with plenty of space and privacy. Property is best suited for cash or conventional financing as FHA and VA loans may not qualify. Bring your vision and transform this unique property into your dream barndo retreat or income-producing asset. Priced with needed repairs in mind this is a chance to build equity from the start. Contact us today to schedule a showing and explore the possibilities.

Investor Tools

Property Icon
$149,000
Estimated Property Value
$0Estimated Mortgage Balance
$149,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$924 /month
Positive
Cash Flow Estimate:
$308 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$163/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,214
$116,470
2025
$80,000
$36,470
$116,470
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,214
$116,470

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$149,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Leonard

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664 County Road 5040 | Property Details | No Agent List