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$407,000

1404 S Eric Ave, Monahans, TX, 79756

$492,278 ARVInfo
Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths3,667 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$109.05 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3

Exterior

Lot Size15,255 sqft

Building Information

Year Built2010

Land Information

APN8390
Lot Number3
Land UseResidential
Legal DescriptionLOT 3 BLOCK 3 SOUTHEASTERN
Census Tract950200
Assessed Land Value$8,700
Assessed Improvement Value$303,590
Assessment Year2025

About this property

This gorgeous home has room for it all, inside and out! 5 bedrooms plus an office on a huge corner lot. Two large living areas, one with a cozy fireplace. Both the full bathrooms have double sinks. The half bath is attached to the 5th bedroom and could serve as a guest suite. Backyard and back porch are ready to enjoy! Plenty of covered parking between the carport and Rv parking. Schedule a showing today!

Investor Tools

Property Icon
$407,000
Estimated Property Value
$324,000Estimated Mortgage Balance
$83,466Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$492,278
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,442 /month
Positive
Cash Flow Estimate:
$814 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$550/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$312,290
2025
$8,700
$303,590
$312,290
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$312,290

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Fha
$392,755
Yes
First
May 9, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$386,426
$24,574
5%
95%
$2,355/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: Monahans

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1404 S Eric Ave | Property Details | No Agent List