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$415,000

16515 N US Highway 281 Highway, Hico, TX, 76457

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths880 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$471.59 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 2Bathrooms Half 2
AppliancesDryer, Dishwasher, Electric Cooktop, Electric Oven, Microwave, Refrigerator, Washer
FlooringLaminate

Building Information

Year Built2023

Land Information

APNM62343
Land UseResidential Single Family
Legal DescriptionMH ONLY ON 12300 130000HA000878A
Census Tract950100
Assessment Year2025

About this property

Built around the way horse owners live, this 4.74-acre property in Hico pairs a newer home with thoughtfully equipped equestrian facilities and Highway 281 frontage. The 30×40 barn features 4 stalls with rubber mats, a 10×10 tack room, feed area, vet stocks, and a wash rack with a water heater. Insulated walls, a spray-foam ceiling, and timed lighting add everyday function. An 80×100 riding arena, four-horse walker with a paneled enclosure, and two fenced pastures provide space for riding, conditioning, and turnout. The 2023 Champion home offers two bedrooms, two bathrooms, an open floor plan, and a covered porch plus a 10×12 deck for unwinding after chores. Additional improvements include two RV hookups, 30 amp and 50 amp, an insulated well house, an 8×16 storage building, and a septic system installed in October 2024. Three-rail pipe fencing along the highway frontage gives the property a clean, established entrance. A manageable acreage setup with the horse infrastructure already in place.

Investor Tools

$0Estimated Mortgage Balance
$306,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

Interested in this property?

Bailey Groves

Texas Real Estate Twins

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$128/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
N/A
2025
N/A
N/A
N/A
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$306,000
100%
0%
$0/mo

City: Hico