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$50,000

1305 Oak, Megargel, TX, 76370

$65,000 ARVInfo
On MarketInfo
Beds5 Beds
Baths1 Bath
Baths1,792 Sq Ft
FarmFarm
price_per_sqft$27.9 / sqft
Year BuiltBuilt in 1950

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 1Bathrooms 1
AppliancesGas Oven, Gas Range, Refrigerator

Exterior

Lot Size7,000 sqft

Building Information

Year Built1950

Land Information

APN2436
Lot Number19-21
Land UseResidential
Legal DescriptionLOTS 19-21 BLOCK 66* CITY OF MEGARGEL
Census Tract020200
Assessed Land Value$1,500
Assessed Improvement Value$30,290
Assessment Year2025

About this property

Affordable 5 bedroom homes are hard to find, especially at this price point! Located on a quiet street in Megargel, Texas, this spacious home offers just under 1,800 square feet with plenty of room to spread out both inside and out. Priced competitively at only $50,000, this property has already had quite a bit of work completed by the current owners, making it a great opportunity for a large family, investor, or buyer looking for space on a budget. Inside, you’ll find a roomy layout with oversized bedrooms, rustic farmhouse-style touches, updated flooring in several areas, and a large open kitchen and living setup with bar seating and unique corrugated metal accents that give the home character. Appliances, including the refrigerator, will convey with the sale. Window units and Dearborn heaters will also remain with the property. Outside features include a good-sized backyard with chain-link fencing, mature shade trees that provide excellent coverage during the Texas summers, and a peaceful small-town setting. The roof is approximately 4 years old, adding extra value and peace of mind. If you’ve been searching for an affordable property with space, potential, and recent improvements already started, this one is worth a look!

Investor Tools

$28,539Estimated Mortgage Balance
$235,461Estimated Equity
89% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$65,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,584 /month
Positive
Cash Flow Estimate:
$528 /month

Interested in this property?

Callie Hicks

Everlong Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$155/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$543
$31,790
2025
$1,500
$30,290
$31,790
Yes (2021)

Tax History

Year
Tax Paid
Assessed Value
2022
$543
$31,790

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Capital Bank
Purchase Money Mortgage
$29,650
No
First
Apr 19, 2024
Apr 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$28,539
$235,461
89%
11%
$178/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: Megargel

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1305 Oak | Property Details | No Agent List