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Days478Days on Market
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$140,000

121 Neumann Drive, Marlin, TX, 76661

On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,359 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$103.02 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 1Bathrooms Half 1
AppliancesDryer, Gas Range, Gas Water Heater, Refrigerator, Washer
FlooringCarpet, Laminate

Exterior

Exterior FeaturesAwning(s)
Lot Size9,757 sqft

Land Information

APN13812001
Lot Number6
SubdivisionNeumann Terrac
Land UseResidential
Legal DescriptionS3620 NEWMANN TERRACE BLK 1 LOT 6
Census Tract000300
Assessed Land Value$6,630
Assessed Improvement Value$106,020
Assessment Year2025

About this property

This 3 bedroom 2 bath home is a great starter home. When you enter the home you have to admire the open concept feel from the living, dining and kitchen area. When you step outside you will find there is plenty of room for entertaining as you have a large spacious backyard. Priced to sell this is one as an investor or first time buyer you do not want to pass up.

Investor Tools

$122,407Estimated Mortgage Balance
$42,593Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$990 /month
Positive
Cash Flow Estimate:
$330 /month

Interested in this property?

Sterling Zan

Platinum Ranch Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$336/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,205
$112,650
2025
$6,630
$106,020
$112,650
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,205
$112,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wallick & Volk Inc
Fha
$132,554
Yes
First
May 31, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,407
$42,593
25%
74%
$795/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: Marlin

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121 Neumann Drive | Property Details | No Agent List