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$395,000

940 Elk Rdg Drive, Stephenville, TX, 76401

On MarketInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths1,874 Sq Ft
Multi FamilyMulti Family
Year BuiltBuilt in 2019

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesDog Run, Rain Gutters
Lot Size9,453 sqft

Building Information

Year Built2019
Garage Spaces2

Land Information

APNR000075342
Lot Number29
SubdivisionElk Ridge Estates
Land UseResidential
Legal DescriptionS4067 ELK RIDGE ESTATES; PHASE III; BLOCK 4; LOT 29
Census Tract950203
Assessed Land Value$45,000
Assessed Improvement Value$342,210
Assessment Year2025

About this property

Tucked away in the desirable Elk Ridge neighborhood of Stephenville, this charming 3-bedroom, 2-bath home offers the perfect blend of comfort, space, and everyday functionality. From the moment you arrive, you’ll appreciate the inviting curb appeal and well-maintained surroundings that make this property truly stand out. Inside, the home features a thoughtfully designed layout with a spacious living area that flows seamlessly into the dining and kitchen spaces—ideal for both relaxing evenings and entertaining guests. The kitchen offers ample cabinetry and workspace, making meal prep both easy and enjoyable. The primary suite provides a peaceful retreat with its own private bath, while two additional bedrooms offer flexibility for family, guests, or a home office. Step outside to discover one of the home’s standout features—a large backyard perfect for outdoor living. Whether you’re hosting weekend barbecues or simply enjoying a quiet Texas evening, the expansive patio creates the ideal setting for gathering and unwinding. House is currently leased until June 2027.

Investor Tools

$282,554Estimated Mortgage Balance
$104,656Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,370 /month
Positive
Cash Flow Estimate:
$790 /month

Interested in this property?

Jamie Evans

Ebby Halliday Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$161/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$387,210
2025
$45,000
$342,210
$387,210
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$387,210

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Interbank
Conventional
$284,200
No
First
Jan 8, 2026
Feb 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$282,554
$104,656
27%
73%
$1,704/mo

City: Stephenville

940 Elk Rdg Drive | Property Details | No Agent List