ActiveResidential · sale

507 Ali Dr

Killeen, TX 76542

$229,900

  • 4 beds
  • 2 baths
  • 1,887 sq ft
  • 0.25 acres
  • Built 2004

Listed by Vylla Home · MLS #ACT8736978

Property photos are not available.

A FEW THINGS TO NOTICE

What stands out.

Living spaces

Coffered ceilings in Living room and Master Bedroom enhance the appeal in these very large rooms.

Details worth a look

There is a spacious covered patio with new ceiling fan and light that opens to a large concrete patio.

Year built

Built in 2004.

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

THE PROPERTY

Get to know the property.

Price improvement: 507 Ali Drive Killeen, TX 76542 4BR split floor plan, 2 full baths, 1886SF home on a large 0.2513 acre corner lot that is located in what the Sellers describe as: “Nice, quiet, clean, friendly and safe neighborhood - where kids play & neighbors are out walking throughout the day.” There is no carpet in the house. This beautiful home has an updated Kitchen with Granite Counters/Island(2025), subway tile backsplash, SS appliances, built-in microwave above range, center Island with electrical outlet, deep dual SS sink and matching farmhouse style light fixtures in Kitchen & attached Breakfast area.

Coffered ceilings in Living room and Master Bedroom enhance the appeal in these very large rooms. The Living room is in the center of the floorplan; has a wall of windows overlooking the backyard and has a gorgeous corner wood burning fireplace with stone accents & wood mantle. This split floor plan has 3BR + Bath on west end and two of the secondary bedrooms have French doors to closets.

Master ensuite on the east side of the house has THREE walk-in closets, coffered ceiling, accent wall, a really cool pocket door entry to bathroom, Jacuzzi tub with tiled walls and frosted window for natural lighting, an upgraded walk-in shower (2025) with elegant glass door that was expanded and very roomy.

Let’s talk a little about the outside: Solar screens, carriage lights, gutters and the new wood privacy fence - that was moved towards sidewalk for a very large back & side yards,…perfect for entertaining, kiddos or pets playing safely. There is a spacious covered patio with new ceiling fan and light that opens to a large concrete patio. Roof and new privacy wood fence were replaced in 2025. Storage building can stay.
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THE NEIGHBORHOOD

Explore the location.

507 Ali Dr, Killeen, TX 76542

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2004
Full baths
2
Half baths
0
Garage spaces
2
Cooling
Ceiling Fan(s), Central Air, Electric
Heating
Central, Electric, Fireplace(s)
Appliances
Dishwasher, Disposal, Microwave, Free-Standing Electric Range, Free-Standing Refrigerator
Flooring
Laminate, Tile
Fencing
Back Yard, Full, Gate, Privacy, Wood
Accessibility
Central Living Area
Pool features
None
Subdivision
Rahman Sub Ph One
Parcel
0214383231
Elementary school
Alice W Douse
Middle school
Charles E Patterson
High school
Ellison
Annual property tax
$5,224.27

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$957.92
Cap rate—

Annual operating income: —

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

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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 & interest—Loan 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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507 Ali Dr, Killeen, TX 76542 · MLS #ACT8736978

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Listing information

MLS #ACT8736978 · Austin Board of Realtors

Listing brokerage: Vylla Home
Listing agent: Billy Waddell

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