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NoAgentList RatingHow are grades calculated?Info
Days28Days on Market
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$170,000

16207 N F M 179, Shallowater, TX, 79363

$221,000 ARVInfo
On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,100 Sq Ft
price_per_sqft$80.95 / sqft
Year BuiltBuilt in 1941

Property Lead Type:

ARV FlipHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available

Exterior

Exterior FeaturesKennel, Private Yard, Storage
Lot Size3.60 acres

Building Information

Year Built1941
Roof Type112
Garage Spaces280

Land Information

APNR33036
Lot Number10000
Land UseResidential
Legal DescriptionBLK P SEC 12 AB 827 TR A-1 OF N/2 AC: 3.6
Census Tract010301
Assessed Land Value$32,400
Assessed Improvement Value$170,061
Assessment Year2025

About this property

Sprawling multi-use property with over 3.5 acres and featuring a 1,800 sq ft barn and additional building with 20 total stalls (indoor and outdoor), dedicated riding area, and additional space for livestock or storage. Another separate structure includes an office with bathroom, dog wash station, and a shop area in the back--perfect for equestrian, boarding, grooming, or hobby farm operations. The 2,100 sq ft manufactured home offers 4 bedrooms and 2 bathrooms with plenty of space for comfortable living on-site. A rare opportunity for those seeking functionality, flexibility, and income-producing potential all in one property.

Investor Tools

$58,963Estimated Mortgage Balance
$123,037Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$221,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,092 /month
Positive
Cash Flow Estimate:
$364 /month

Interested in this property?

Stuart Bartley

Taylor Reid Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$137/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$733
$170,492
2025
$32,400
$170,061
$202,461
No

Tax History

Year
Tax Paid
Assessed Value
2025
$733
$170,492

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$81,075
No
First
Apr 4, 2014
May 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$58,963
$123,037
67%
32%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
N/A
+$1,425/mo
9.4%

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: Shallowater

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