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$163,280

NAL Estimated Property Value

704 Payne, Olney, TX, 76374

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,760 Sq Ft
price_per_sqft$92.56 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Range, Gas Water Heater, Refrigerator

Exterior

Lot Size10,498 sqft

Building Information

Year Built1955
Garage Spaces2

Land Information

APN8780
Lot Number2
Land UseResidential
Legal DescriptionHIGHLAND TERRACE - BLK 8, LOT 2
Census Tract950200
Assessed Land Value$7,090
Assessed Improvement Value$156,190
Assessment Year2025

About this property

This is a three bedroom house with a room that could be a fourth bedroom or den. It has been remodeled and a large deck has been added to the huge backyard. A large laundry room off the kitchen has a door to the deck. Primary bedroom has en suite and a cedar closet. Tandem parking garage adds extra storage and has a door to the backyard. This house won't last long!

Investor Tools

Property Icon
$163,280
Estimated Property Value
$138,182Estimated Mortgage Balance
$25,098Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$980 /month
Positive
Cash Flow Estimate:
$327 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$344/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,316
$163,280
2025
$7,090
$156,190
$163,280
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,316
$163,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Churchill Mortgage Corp
Conventional
$144,750
No
First
Nov 8, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$138,182
$25,098
15%
85%
$868/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,274/mo
$868/mo
+$406/mo
9.4%

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: Olney

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704 Payne | Property Details | No Agent List