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$350,000

NAL Estimated Property Value

8401 Kelly Ln, Alvarado, TX, 76009

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,802 Sq Ft
price_per_sqft$182.02 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Range, Electric Water Heater
FlooringVinyl

Exterior

Exterior FeaturesRain Gutters, Rain Barrel/Cistern(s), Storage
Lot Size1.88 acres

Building Information

Year Built1984

Land Information

APN126.3804.00160
Lot Number16
Land UseResidential
Legal DescriptionLOT 16 BLK 1 THE HOMESTEADS PH II
Census Tract130411
Assessed Land Value$131,600
Assessed Improvement Value$179,817
Assessment Year2025

About this property

This is your chance to own a house in the country on land! NO CITY TAXES! Just under 2 acres in the growing community of Alvarado. Bring your animals because this property already has high fences installed for the back acreage. Perfect for a handy person ready to put in a little elbow grease to make this house a home. Terrific floor plan with 3 bedrooms downstairs & bonus bedroom up! PLUS a study overlooking the front yard. Big country porch. Kitchen features copper farm sink and decorative copper ceiling design. Granite and solid wood cabinets. Pantry has pullout shelving & full size laundry area inside! Big windows with lots of natural light flank the living room but don’t forget to look up! Wood ceiling detail is not to be missed. The primary bathroom has been updated to include a walk in shower as well as a walk in tub! Front bathroom needs work but many of the supplies for the updates have already been purchased. HVAC is newer and very efficient. Don’t let this one slip away!

Investor Tools

Property Icon
$350,000
Estimated Property Value
$341,385Estimated Mortgage Balance
$8,615Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$606/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,518
$311,417
2025
$131,600
$179,817
$311,417
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,518
$311,417

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$348,570
Yes
First
Mar 17, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$341,385
$8,615
2%
98%
$2,090/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$2,090/mo
$-163/mo
6.6%

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.

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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: Alvarado

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8401 Kelly Ln | Property Details | No Agent List