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Owner Contacts

$280,000

NAL Estimated Property Value

8623 Chena Ridge Dr, Temple, TX, 76502

Off Market

3 Beds

2 Bath

1,350 Sq Ft

Single Family Residence

$1.4 / sqft

Built in 2023

Property Lead Type:

Off-Market ListAbsentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Half 2

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Oven, Refrigerator, Vented Exhaust Fan, Water Heater, Microwave

FlooringVinyl

Exterior

Lot Size5,698 sqft

Building Information

Year Built2023

Stories1

Roof Type105

Garage Spaces2

Land Information

APN508051

Lot Number41

SubdivisionNorth Point Phase I

Land UseVacant Land

Legal DescriptionNORTH POINT PHASE I, BLOCK 015, LOT 0041

Census Tract020302

Assessed Land Value$38,000

Assessed Improvement Value$210,016

Assessment Year2025

About this property

Regular lawn and pest care INCLUDED in rent. Home is vacant, clean, and available now. RECENTLY BUILT NEW CONSTRUCTION modern home featuring 3 bedrooms, 2 bathrooms, and 2 car garage. This home has a wonderful open concept kitchen to living with spacious counter/eat in bar. Located in the new North Point community off Airport Rd. Wood vinyl throughout the home with NO CARPET. Large master bedroom with large walk in shower, double sink vanity and walk in closet. Privacy fenced back yard with covered patio. Walking distance to Belton ISD's Burrell Elementary, less than 2 miles to Crossroads Park, and 8 miles to Baylor Scott & White. The lease is managed by the homeowner and not a management company. The homeowner lives nearby and is very attentive to needs. All appliances included with Washer/Dryer and Refrigerator. Pre-Approved pets are welcome- additional deposits Rent $1895 with $1895 security deposit Schools: Tarver Elementary / NEW Burrell Elementary, North Belton Middle School, Lake Belton High School

Investor Tools

$280,000

Estimated Property Value

$172,478Estimated Mortgage Balance

$107,522Estimated Equity

38% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,680 /month

Positive

Cash Flow Estimate:

$560 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$583/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,591

$248,016

2025

$38,000

$210,016

$248,016

Tax History

Year

Tax Paid

Assessed Value

2024

$5,591

$248,016

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Extraco Banks Na

Commercial

$180,978

First

Oct 2, 2023

Oct 2033

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$172,478

$107,522

38%

62%

$1,086/mo

Learn About the Market: Opportunity in Texas

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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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