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$182,000

NAL Estimated Property Value

704 Alabama St, San Marcos, TX, 78666

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths864 Sq Ft
price_per_sqft$243.06 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesDryer, Free Standing Gas Range, Gas Water Heater, Microwave, Water Purifier Owned, Plumbed For Ice Maker, Refrigerator, Range Hood, Water Softener Owned, Self Cleaning Oven, Washer
FlooringLaminate, See Remarks, Tile, Vinyl

Exterior

Exterior FeaturesExterior Steps, Lighting, Private Yard, Rain Gutters, See Remarks
Lot Size5,502 sqft

Building Information

Year Built2015
Stories1
Roof Type105

Land Information

APNR42604
Lot Number35
SubdivisionSouth End
Land UseResidential
Legal DescriptionSOUTH END, LOT 35, ACRES 0.1263 TAX CODES:SSM,WEU,WUS
Census Tract010500
Assessed Land Value$45,430
Assessed Improvement Value$171,450
Assessment Year2025

About this property

Clean & Neat little San Marcos starter home! 3br/1ba light & bright interior with central heat & air, water softener, alarm system & conveyable refrigerator, washer, dryer & counter top microwave. Close to downtown, I-35 and the San Marcos River. Enjoyable outdoor features: privacy fenced back yard, security lighting, picnic table, storage building, nice trees, screened back porch & covered front & back porches. Updates include: metal roof (2021), fresh paint in & out, rear gutters, low flow toilet, tiled bath floor, new bath vanity, some new lighting fixtures & recently installed SPC flooring (stone polymer composite) in the living, dining, kitchen & hall. Recent city improvements have been made to the area's streets & drainage, and this property is walking distance to several city parks: Willow Springs Creek, Victory Gardens & Dunbar. CAD doesn't report a year built, but 2006 purchase file indicates 1980 as approximate. We are using LBP addendum to be safe.

Investor Tools

Property Icon
$182,000
Estimated Property Value
$210,064Estimated Mortgage Balance
$182,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,260 /month
Positive
Cash Flow Estimate:
$420 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$188/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,346
$138,071
2025
$45,430
$171,450
$216,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,346
$138,071

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Funding Llc
Fha
$225,833
Yes
First
Jun 30, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$210,064
N/A
0%
115%
$1,354/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,354/mo
+$286/mo
10.8%

City: San Marcos