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$125,000

1206 9th Street, Mineral Wells, TX, 76067

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths872 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$143.35 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer
FlooringVinyl, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size5,009 sqft

Building Information

Year Built1953

Land Information

APN201980000
Lot Number1
SubdivisionRichard#2
Land UseResidential
Legal DescriptionRICHARD#2 BLK 12 LOT 1 G#R0400-02-00120-001-00-0
Census Tract000800
Assessed Land Value$18,000
Assessed Improvement Value$124,890
Assessment Year2025

About this property

Whether you are looking for a starter home or to invest this is the place. This property sits on a corner lot with no neighbors. Upon entering you are greeted with inviting natural lighting and an open concept that provides a seamless flow between the living and dining room. The kitchen was updated in 2020 and creates a welcoming atmosphere for everyday living and entertaining. There is grey wood flooring throughout. Recent updates include an added room with an AC wall unit attached to the back of the home that was used as a guest room but can be used as a gym or hobby area. Relax under a spacious covered porch. There is a fully fenced back yard featuring mature trees and a detached storage shed. Conveniently located minutes away from Elementary and Junior High School, Downtown Mineral Wells, shopping and dining.

Investor Tools

$69,822Estimated Mortgage Balance
$73,068Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$857 /month
Positive
Cash Flow Estimate:
$286 /month

Interested in this property?

Vanessa G-Hernandez

The Cao Realty Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$150/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,088
$142,890
2025
$18,000
$124,890
$142,890
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,088
$142,890

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$79,405
No
First
Jun 30, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$69,822
$73,068
51%
49%
$477/mo

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: Mineral Wells

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1206 9th Street | Property Details | No Agent List