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$79,200

1506 N 2nd, Merkel, TX, 79536

$94,893 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,768 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$44.8 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal
FlooringCarpet, Vinyl

Exterior

Lot Size14,000 sqft

Building Information

Year Built2015
Stories1
Roof Type105

Land Information

APNS1300004100
Lot Number7
SubdivisionMartin Of Merkel
Land UseResidential
Legal DescriptionMARTIN OF MERKEL, BLOCK A, LOT 7 TO 8 INC, MH LABEL# NTA1681768 / NTA1681769
Census Tract013601
Assessed Land Value$2,520
Assessed Improvement Value$82,594
Assessment Year2025

About this property

Great West Texas property in the city of Merkel seeking its new owner. This open floor plan with four bedrooms, has the family area with kitchen area in the center and split bedrooms on opposite ends of the home. Lots of space for those needing room and privacy. This mobile home sits on a corner lot with lots of parking and fence backyard. Call your Realtor today for a showing.

Investor Tools

Property Icon
$87,000
Estimated Property Value
$82,478Estimated Mortgage Balance
$5,851Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$94,892
Rent-to-Value Ratio: 0.72%
Rent Estimate
$522 /month
Positive
Cash Flow Estimate:
$174 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$176/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,672
$85,114
2025
$2,520
$82,594
$85,114
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,672
$85,114

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Fha
$82,478
Yes
First
Jun 6, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$81,149
$5,851
6%
93%
$495/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$495/mo
+$1,195/mo
23.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Merkel

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1506 N 2nd | Property Details | No Agent List