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$699,000

8433 Rita Bend Dr, Salado, TX, 76571

On MarketInfo
Beds6 Beds
Baths3 Bath
Baths2,828 Sq Ft
SingleFamilyResidenceSingleFamilyResidence
price_per_sqft$247.17 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOven, Dishwasher, Disposal, Induction Cooktop
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRV Hookup
Lot Size4.50 acres

Building Information

Year Built1994
Stories2
Roof Type105
Garage Spaces2

Land Information

APN73291
Lot Number9A
SubdivisionThe Woods Of Salado
Land UseResidential
Legal DescriptionTHE WOODS OF SALADO, BLOCK 005, LOT 9A, 9B, ACRES 4.504
Census Tract023404
Assessed Land Value$174,395
Assessed Improvement Value$402,832
Assessment Year2025

About this property

Tucked away on just over 4.5 acres of gently rolling, tree-covered land, this exceptionally private property offers a peaceful retreat with scenic views in every direction. Set far back from the road and accessed by a private driveway, the home is perfectly positioned to maximize both seclusion and natural beauty. The residence features 6 spacious bedrooms and 3 bathrooms, offering flexibility for a variety of lifestyles. Each bedroom is generously sized and can easily serve as a home office, gym, or multi-purpose space. The updated kitchen is equipped with an induction cooktop and opens to a cozy nook—ideal for casual dining, a homework station, or a relaxed sitting area. The large living room, anchored by a wood-burning fireplace, creates a warm and inviting central gathering space. Beyond the home, the property is equally impressive. A 30x50 shop with a durable galvalume roof and spray foam insulation provides ample workspace or storage, while an RV hookup and storm shelter add convenience and peace of mind. Approximately one-third of an acre surrounding the home is enclosed with pipe fencing, offering a secure area for pets or outdoor enjoyment. With an additional site ready for a second home, this property presents a rare opportunity to expand, host, or create a multi-generational living arrangement—all within a serene, private setting.

Investor Tools

Property Icon
$717,000
Estimated Property Value
$261,310Estimated Mortgage Balance
$418,402Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,302 /month
Positive
Cash Flow Estimate:
$1,434 /month

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Savannah Hennig

Century 21 Bill Bartlett

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$956/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,886
$577,227
2025
$174,395
$402,832
$577,227
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,886
$577,227

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Conventional
$261,310
No
First
May 6, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$299,182
$301,818
50%
42%
$1,987/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,980/mo
$1,987/mo
$-7/mo
3.3%

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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