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$443,000

NAL Estimated Property Value

700 Arrowhead Dr, Salado, TX, 76571

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,212 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$196.65 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Disposal, Water Heater, Microwave, Range
FlooringCarpet, Combination, Ceramic Tile

Exterior

Lot Size13,765 sqft

Building Information

Year Built1994
Stories2
Roof Type105
Garage Spaces2

Land Information

APN56957
SubdivisionG F Lankford
Land UseResidential
Legal DescriptionA0510BC G F LANKFORD, 132, ACRES .316 132,
Census Tract023405
Assessed Land Value$71,440
Assessed Improvement Value$333,468
Assessment Year2025

About this property

Home in the heart of Mill Creek in Salado ISD and on a lovely, quiet street. 3 bedroom, 2.5 bath house has been updated to open up the living room, dining room, breakfast area, & kitchen into large, roomy living space. Very light & bright with modern white cabinets, white quartz counters and light colored high quality wood-looking commercial grade, water resistant laminate flooring. 2 HVAC - heat pumps. Carpet on stairs and upstairs is new. Other updates include oven, dishwasher, water softener, some light fixtures. Windows have either shades or blinds. Large walk-in closets in upstairs bedrooms. Large closet under stairs. Master bath has jetted tub and heater in ceiling. Refrigerator, washer and dryer can be negotiated. Nice shelves in garage will convey.

Investor Tools

Property Icon
$443,000
Estimated Property Value
$371,858Estimated Mortgage Balance
$71,142Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,658 /month
Positive
Cash Flow Estimate:
$886 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$918/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,799
$404,908
2025
$71,440
$333,468
$404,908
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,799
$404,908

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$391,500
No
First
Aug 31, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$371,858
$71,142
16%
84%
$2,348/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$2,348/mo
$-658/mo
4.6%

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: Salado

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700 Arrowhead Dr | Property Details | No Agent List