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$331,936

NAL Estimated Property Value

3411 Fm 597, Abernathy, TX, 79311

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths896 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$97.66 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Dishwasher, Free-Standing Electric Range, Free-Standing Range
FlooringCarpet, Laminate

Exterior

Lot Size10.00 acres

Building Information

Year Built2019
Roof Type105

Land Information

APNR309200
Land UseResidential
Legal DescriptionBLK C2 SEC 37 AB 183 TR C5 OF SW/4 ACS: 10.001
Census Tract010202
Assessed Land Value$75,008
Assessed Improvement Value$256,928
Assessment Year2025

About this property

Great 10 acre property with 2 bedroom 2 bath mobile home, a large shop with living quarters, a separate insulated shop, an RV pavilion and travel trailer. Everything that is currently on the property will stay with the property. That includes appliances in the shop and mobile home. The property is fenced and has 2 wells. The front well is operational but the back well needs a pump. There is also a small garden shed and a chicken coop. All buildings are wired for electricity. Lots of possibilities for this country property just minutes from Lubbock!

Investor Tools

Property Icon
$331,936
Estimated Property Value
$197,404Estimated Mortgage Balance
$134,532Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,992 /month
Positive
Cash Flow Estimate:
$664 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$212/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$886
$331,936
2025
$75,008
$256,928
$331,936
No

Tax History

Year
Tax Paid
Assessed Value
2024
$886
$331,936

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primewest Mortgage Corp
Conventional
$224,500
No
First
Mar 6, 2020
Apr 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$197,404
$134,532
40%
59%
$1,346/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$1,346/mo
+$79/mo
5.2%

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: Abernathy

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3411 Fm 597 | Property Details | No Agent List