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$83,000

16809 FM 1797, Tatum, TX, 75691

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,368 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$60.67 / sqft
Year BuiltBuilt in 1996

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Water Heater

Exterior

Lot Size1.03 acres

Building Information

Year Built1996

Land Information

APN51210
SubdivisionR Insall
Land UseResidential
Legal DescriptionAB 439 R INSALL SURVEY TEX0549786 P-8B
Census Tract950101
Assessed Land Value$21,450
Assessed Improvement Value$65,160
Assessment Year2024

About this property

Great investment opportunity in Tatum School District. This 3 bedroom, 2 bath manufactured home is currently leased for $1,100/month, providing immediate cash flow for the new owner. Functional floor plan, established tenancy, and a convenient location make this a low-maintenance addition to your rental portfolio. Seller is offering $2500 towards closing.

Investor Tools

$53,365Estimated Mortgage Balance
$33,245Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$520 /month
Positive
Cash Flow Estimate:
$173 /month

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Regina Echols

Real Estate Marketing

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$49/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$149
$86,610
2024
$21,450
$65,160
$86,610
No

Tax History

Year
Tax Paid
Assessed Value
2022
$149
$86,610

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Home Federal Bank
Conventional
$55,000
No
First
Aug 30, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$53,365
$33,245
38%
62%
$366/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.

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: Tatum

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16809 FM 1797 | Property Details | No Agent List