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$249,000

1607 S Ike Ave, Monahans, TX, 79756

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,622 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$153.51 / sqft
Year BuiltBuilt in 1983

About this property

3 bedroom 2 bath home in 1622 sqft. All electric home on a large 0.26 acre lot. Vaulted living room with woodburning fireplace, large open doorways and large bathrooms can accommodate a wheelchair. Huge backyard with covered patio, RV slip and nice rolling metal gate in rear. New metal roof was put on in June. Motion detection lights in exterior of home.

Investor Tools

$0Estimated Mortgage Balance
$300,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

Interested in this property?

Gloria Herrera

Gloria Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$304/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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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: Monahans

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1607 S Ike Ave | Property Details | No Agent List