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$381,000

NAL Estimated Property Value

813 Lexington RD, Elgin, TX, 78621

Off MarketInfo
Baths0 Bath
Baths2,400 Sq Ft
price_per_sqft$58.33 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Free-Standing Range, Refrigerator
FlooringCarpet, Concrete, Vinyl

Exterior

Lot Size8,015 sqft

Building Information

Year Built1985
Roof Type105
Garage Spaces2

Land Information

APNR48168
Lot Number7
SubdivisionS7470 - Red Town
Land UseResidential
Legal DescriptionRED TOWN LOT 7
Census Tract950201
Assessed Land Value$122,924
Assessed Improvement Value$189,597
Assessment Year2025

About this property

Good investment properties. There are three other duplexes on this street by the same owner that are also for sale. Buy them all or separately. Everything in Elgin is currently leased and we have a waiting list!!

Investor Tools

Property Icon
$381,000
Estimated Property Value
$106,928Estimated Mortgage Balance
$274,072Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,286 /month
Positive
Cash Flow Estimate:
$762 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$743/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,007
$312,521
2025
$122,924
$189,597
$312,521
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,007
$312,521

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Finance Services Llc
Unknown
$126,225
No
First
Oct 25, 2018
Nov 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$106,928
$274,072
71%
28%
$757/mo

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: Elgin

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