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$264,000

1432 Shannon Dr, Kermit, TX, 79745

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,992 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$130.27 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListAbsentee Owner

About this property

$$ BACK ON THE MARKET!! Now at a lower price, this house is good sized for family living and sits on a nice corner lot. Double carport in the rear with a nice workshop to tinker in. Covered patio for hanging out back in the fenced yard and a nice large, open living area with woodburning fireplace with gas lighter. Bring the family and take a look. Price reduced $10,000 and a new roof has been installed and the electrical has been updated. This home is ready for a new family.

Investor Tools

Property Icon
$264,000
Estimated Property Value
$254,799Estimated Mortgage Balance
$2,490Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,584 /month
Positive
Cash Flow Estimate:
$528 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$202/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,107
$147,620
2025
$3,600
$160,970
$164,570
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,107
$147,620

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Texas
Fha
$254,799
Yes
First
Aug 29, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$261,902
$1,098
0%
99%
$1,590/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.

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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: Kermit

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1432 Shannon Dr | Property Details | No Agent List