Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours

$389,718

NAL Estimated Property Value

2542 Fm 985, Ennis, TX, 75119

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,294 Sq Ft
price_per_sqft$308.35 / sqft
Year BuiltBuilt in 1936

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher
FlooringVinyl, Wood

Exterior

Lot Size11.13 acres

Building Information

Year Built1936
Stories1
Garage Spaces2

Land Information

APN99.1108.000.155.00.103
SubdivisionR W Williamson
Land UseFarm/Ranch House W/Ltd Acreage
Legal Description1108 R W WILLIAMSON 11.1290 ACRES
Census Tract061200
Assessed Land Value$250,403
Assessed Improvement Value$139,315
Assessment Year2025

About this property

Modern Farmhouse with acreage fenced and cross fenced, surrounded by towering pecan trees. Professional pictures are coming soon! Listing 22 acres with the house or 11 acres with the house and separate 11 acres.

Investor Tools

Property Icon
$389,718
Estimated Property Value
$474,609Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$525/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,346
$389,718
2025
$250,403
$139,315
$389,718
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,346
$389,718

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$346,500
No
First
Feb 14, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$474,609
N/A
0%
122%
$3,021/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$3,021/mo
$-1,049/mo
6.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Ennis

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...