ActiveResidential · sale

404 Hill

Itasca, TX 76055

$114,999

  • 2 beds
  • 1 baths
  • 1,040 sq ft
  • 0.17 acres
  • Built 1920

Listed by Asset Realty · MLS #ACT4987756

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1920.

Property size

0.17 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

AFFORDABLE ITASCA TEXAS HOME — MOVE-IN READY 2-BEDROOM!
Looking for an **affordable home in Itasca, Texas** without sacrificing location, updates, or convenience? This charming **2-bedroom, 1-bath home with just under 1,100 square feet** checks the boxes for first-time homebuyers, downsizers, or anyone looking for a budget-friendly home in a welcoming small-town community.
Remodeled in 2026, this move-in-ready home features **fresh interior paint, beautifully refinished original hardwood floors, new light fixtures, and updated ceiling fans with remote controls — plus even more improvements you’ll appreciate. The character of the original home blends nicely with today's modern touches, giving you a comfortable place to call home without taking on a major renovation project.
Financing may be another reason to take a closer look. The property is located in a *USDA loan availability area*, potentially offering qualified buyers the opportunity to explore 100% financing / $0 down payment options and competitive interest rates. Buyer qualification and program requirements apply; contact your lender for details.
Location is a major plus! Enjoy **small-town living in Itasca, TX**, with **schools serving grades 1–12 within walking distance**, while the charming **downtown Itasca area** is just down the street with local shopping, restaurants, and community events and festivities.
Need to commute? You’re also conveniently located near **I-35**, making travel toward **Dallas-Fort Worth or Waco** accessible while enjoying a more affordable alternative to living in the larger metro areas.
If you've been searching for an **affordable home in Itasca TX, a starter home in Hill County, a move-in-ready house near I-35, or a small-town Texas home**, this one deserves your attention.
**Don't wait for someone else to write the offer you've been thinking about. Schedule your showing today and see why 404 N Hill St could be the affordable Texas home you've been waiting for!**

THE NEIGHBORHOOD

Explore the location.

404 Hill, Itasca, TX 76055

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1920
Full baths
1
Half baths
0
Garage spaces
0
Cooling
Ceiling Fan(s), Wall/Window Unit(s), Zoned
Heating
Wall Furnace
Appliances
Gas Range, Free-Standing Gas Range, Free-Standing Refrigerator, Water Heater
Flooring
Wood
Fencing
Back Yard
Accessibility
See Remarks
Pool features
None
Subdivision
Barnes-Underwood
Parcel
119192
Elementary school
Outside School District
Middle school
Outside School District
High school
Outside School District
Annual property tax
$2,170.88

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$479.16
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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404 Hill, Itasca, TX 76055 · MLS #ACT4987756

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Listing information

MLS #ACT4987756 · Austin Board of Realtors

Listing brokerage: Asset Realty
Listing agent: Dawn Imes

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.