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940 Elk Rdg Drive

Stephenville, TX 76401

$395,000

1 units · 2019

Units1
Building area1,874 sq ft
Year built2019
Gross income$28,800/yr
Cap rate5.28% as listed
Parking1 spaces
Lot size0.217 acres
TypeResidential Income

What it costs to own

Taxes$6,010 per year
HOANone listed
Operating expenses$7,960 per year — as listed
Insurance$1,950 per year — as listed
Net operating income$20,840 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

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.

The details

HeatingCentral
CoolingCeiling Fan(s), Central Air
FlooringCarpet, Ceramic Tile
AppliancesDishwasher, Electric Range, Microwave
Interior featuresDecorative Lighting, Granite Counters, Open Floorplan, Pantry, Walk-In Closet(s)
Fireplace1 · Stone, Wood Burning

Construction materialsBrick, Rock/Stone
RoofComposition
FoundationSlab

Lot featuresFew Trees, Landscaped
FencingMetal, Privacy
Water sourceCity Water
SewerCity Sewer

SubdivisionElk Rdg Estates Ph III

ElementaryCentral
Middle schoolStephenvil
High schoolStephenvil
DistrictStephenville ISD

Gross income$28,800 per year
Operating expenses$7,960 per year
Insurance$1,950 per year
Cap rate5.28% — as listed
Net operating income$20,840 per year

MLS #21276659
Source
On the market120 days
CountyErath

Around this home

One moment…

Everyday life

Nearest groceryHoney Bee Natural Foods · 1.8 mi
Nearest parkMemorial Trees · 0.8 mi

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Listing courtesy of Ebby Halliday Realtors — Jamie Evans.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21276659. Information last updated September 18, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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