Last 24 Hours
$83,000
16809 FM 1797, Tatum, TX, 75691
$107,900 ARV
On Market
3 Beds
2 Bath
1,368 Sq Ft
$60.67 / sqft
Built in 1996Highlights
Interior
Bedrooms 3
Bathrooms 2AppliancesDishwasher, Electric Water Heater, Electric Range, Electric Oven
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)*
$107,900
Rent-to-Value Ratio: 0.72%
Rent Estimate
$520 /month
Positive
Cash Flow Estimate:
$173 /month
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ContactFinancing 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
12.4%