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$120,000

903 Tanglewood Dr, Alvarado, TX, 76009

$156,000 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,178 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$101.87 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Cooktop, Electric Oven, Electric Range, Microwave, Refrigerator
FlooringCarpet, Laminate

Exterior

Lot Size12,249 sqft

Building Information

Year Built1995

Land Information

APN126.2306.04020
Lot Number2
Land UseResidential
Legal DescriptionLOT 2 BLK 2 ALVARADO HILLS PH 2 S# TXFLS12A22901-SB11 ELECTION NOT PERFECTED L# TEX0540963
Census Tract130417
Assessed Land Value$32,000
Assessed Improvement Value$82,862
Assessment Year2025

About this property

Unique opportunity to own a piece of real estate in Alvarado for only $120,000. Yes, you will own the land too! Clean and tidy, well-maintained. Large living area, open to the kitchen and dining. Kitchen has beautiful custom artistically-burned wood on the countertops and cabinets. Split bedrooms and baths. Perfect for a roommate setup. Refrigerator, dining table and chairs to remain, as will the microwave and Sonic-style table and chairs in backyard. Relax on the back patio and watch wildlife over morning coffee. Very close to Alvarado schools, and only half an hour drive to downtown Ft. Worth. Quick drive to Cleburne and Hillsboro as well. Notice there are no neighbors behind the property to the north! Solid plywood sub-flooring.

Investor Tools

Property Icon
$182,000
Estimated Property Value
$117,826Estimated Mortgage Balance
$69,896Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$156,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,092 /month
Positive
Cash Flow Estimate:
$364 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$174/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,182
$114,862
2025
$32,000
$82,862
$114,862
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,182
$114,862

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$117,826
Yes
First
Sep 14, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$112,104
$69,896
38%
62%
$707/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: Alvarado

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903 Tanglewood Dr | Property Details | No Agent List