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$325,000

NAL Estimated Property Value

0 FM 1075, Happy, TX, 79042

Recently SoldInfo
10/23/26

About this property

Here is a perfect homesite location just outside of Happy, TX. This 10.64 property features a custom shop with electricity, septic, and a private well already in place, and is ready for the addition of a custom home. The shop is also the perfect candidate for a barndo conversion with some plumbing already in the slab. The building offers a 60' by 40' main shop area with 16' sidewalls as well as an additional 50' by 20' finished area separated by a wall. It has electricity, spray foam insulation, three overhead doors, and a covered porch. Property offers 753' of frontage on FM 1075 with no known restrictions and is a couple of minutes south-west of Happy.

Investor Tools

Property Icon
$325,000
Estimated Property Value
$0Estimated Mortgage Balance
$325,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

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

City: Happy

0 FM 1075 | Property Details | No Agent List