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$158,000

NAL Estimated Property Value

1535 W Lynn Street, Slaton, TX, 79322

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,187 Sq Ft
price_per_sqft$122.16 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size7,260 sqft

Building Information

Year Built1961
Roof Type114
Garage Spaces1

Land Information

APNR133621
Lot Number40
SubdivisionRussell
Land UseResidential
Legal DescriptionRUSSELL BLK 3 L 4
Census Tract010601
Assessed Land Value$3,000
Assessed Improvement Value$113,664
Assessment Year2025

About this property

Welcome to this charming home nestled in a quiet area of Slaton, offering the perfect blend of comfort, space, and affordability. While the home may be cozy in size, it lives large with a spacious feel and a layout that makes the most of every square foot. This property has been kept in great condition, making it move-in ready and ideal for anyone looking for a well-maintained home at an affordable price point. One of the standout features is the huge SHOP in the backyard—a rare find! Whether you need a man cave, workshop, hobby space, or extra storage, this versatile space offers endless possibilities. If you're looking for a peaceful location, practical space, and incredible value, this home is a must-see!

Investor Tools

Property Icon
$158,000
Estimated Property Value
$46,085Estimated Mortgage Balance
$111,915Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$948 /month
Positive
Cash Flow Estimate:
$316 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$148/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$983
$116,664
2025
$3,000
$113,664
$116,664
No

Tax History

Year
Tax Paid
Assessed Value
2024
$983
$116,664

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank Mortgage
Unknown
$65,306
No
First
May 30, 2013
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$46,085
$111,915
70%
29%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,220/mo
N/A
+$1,220/mo
9.3%

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: Slaton

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1535 W Lynn Street | Property Details | No Agent List