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$364,000

NAL Estimated Property Value

9525 John Rice Dr, Iola, TX, 77861

$414,451 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,236 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$121.36 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2

Exterior

Lot Size10 acres

Building Information

Year Built2022

Land Information

APNR24682
Lot Number120
Land UseResidential
Legal DescriptionFIVELAND SUB #1, LOT 120, ACRES 10
Census Tract180303
Assessment Year2025

About this property

10 acres in Grimes County.  Property is ready for livestock with fencing and an irrigation system that needs some work.  Beautiful land in the back of the property with scenic views that would make a perfect homesite.  The property is sloped towards the middle making for a great spot to build a large pond. Large, mature Oaks surround the property. No value given to the structures or manufactured home. 5 tank jet septic system. There is a well on the property that needs a new motor but there is also water supplied by Wixon. High Speed Fiber Optic available through Mid South electric. Iola ISD. Ag exempt. Once this property is given the proper attention, it will make a beautiful homestead.

Investor Tools

Property Icon
$364,000
Estimated Property Value
$156,461Estimated Mortgage Balance
$51,078Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$414,451
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,184 /month
Positive
Cash Flow Estimate:
$728 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$467/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,783
N/A
2025
N/A
N/A
$461,850
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,783
N/A

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens State Bank
Credit Line (Revolving) / Heloc
$160,000
No
First
Feb 21, 2025
Feb 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$156,461
$235,539
60%
43%
$960/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.

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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: Iola

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