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$450,000

206 CR 287, Marlin, TX, 76661

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,000 Sq Ft
price_per_sqft$450 / sqft

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1

Exterior

Exterior FeaturesNone

About this property

Come visit the charm and potential of this 37 acre farm just outside Marlin in Falls County, Texas. Offering a blend of productive pasture, mature trees, and a classic farmhouse, this property is ideal for those seeking a country homesite, small livestock operation or investment. The acreage is fenced into five separate traps, making it well-suited for rotational grazing or managing livestock. Approximately 20 acres are established in improved Coastal Bermuda grass, while the remaining acreage features a healthy mix of improved and native grasses. An older pole barn, water well and 1/2 acre dirt tank add to the property's agricultural functionality. The property is currently under a 1-D-1 agricultural valuation for low holding costs. Nestled beneath the shade of approximately a dozen mature pecan and oak trees, the homesite offers a peaceful setting with plenty of character. The 1950s farmhouse features 1,000 +- square feet with 2 bedrooms and 1 bathroom. While the home is ready for renovations and updating, it has a solid structure and provides an excellent opportunity to restore its vintage charm or create the perfect country retreat. A detached carport and several outbuildings provide additional storage and utility. City of Marlin water and electric service already in place, this property offers the convenience of city utilities while maintaining the privacy and appeal of rural living. Whether you're looking for a productive small farm, a weekend getaway,or the ideal location to build your forever home, this versatile Falls County property is full of possibilities.

Investor Tools

$0Estimated Mortgage Balance
$450,000Estimated 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
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

Interested in this property?

Ron Bumpus

Bumpus Real Estate

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Financing Details

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

City: Marlin

206 CR 287 | Property Details | No Agent List