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$138,000

NAL Estimated Property Value

118 Pennington Road, Abilene, TX, 79602

$171,509 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,200 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$123.25 / sqft
Year BuiltBuilt in 2001

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range, Vented Exhaust Fan
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesStorage

Building Information

Year Built2001
Stories1
Roof Type114

Land Information

APNZ8812997007
Land UseResidential
Legal DescriptionLABEL# PFS0719857 / PFS0719858
Census Tract013404
Assessed Improvement Value$82,352
Assessment Year2023

About this property

Fantastic completely remodeled manufactured home on over 2 acres. Three stall horse barn on the back of the property & a chicken coop. There are water outlets throughout the property that are zoned for easy watering of animals and land. There is also a guest house on the property that would be a great mother-in-law suite with a little work or rental. RV hookup with electricity & water are available on the property. The inside of the house speaks for itself with all new paint, carpet, lighting, new exterior doors, new porches front and back, exterior has been freshly painted and new gravel has just been spread in the driveway. New roof put on in March 2019! This one is move in ready and in Wylie ISD.

Investor Tools

Property Icon
$138,000
Estimated Property Value
$0Estimated Mortgage Balance
$138,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$171,508
Rent-to-Value Ratio: 0.72%
Rent Estimate
$887 /month
Positive
Cash Flow Estimate:
$296 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$101/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$523
$76,341
2023
N/A
$82,352
$82,352
No

Tax History

Year
Tax Paid
Assessed Value
2018
$523
$76,341

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$138,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,370/mo
N/A
+$1,370/mo
11.9%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Abilene

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118 Pennington Road | Property Details | No Agent List