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
Main property image
Days40Days on Market
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$199,000

381 N F.m. 707, Merkel, TX, 79536

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths1,300 Sq Ft
ApartmentApartment
Year BuiltBuilt in 2008

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher, Dryer, Electric Cooktop, Electric Oven, Microwave, Refrigerator, Washer
FlooringConcrete

Exterior

Lot Size1 acre

Building Information

Year Built2008
Stories1
Garage Spaces2

Land Information

APNA0010002228
Lot Number28,KING
SubdivisionWalt Kings Subd Sur 135 David T Bruce
Land UseCommercial
Legal DescriptionWALT KINGS SUBD SUR 135 DAVID T BRUCE, LOT 28, ACRES 1.0
Census Tract013602
Assessed Land Value$6,534
Assessed Improvement Value$55,270
Assessment Year2025

About this property

Looking for a unique investment opportunity with serious income potential? This one of a kind property sits on 1 acre of caliche and is perfectly set up for a workforce housing, Air BnB, Long term Rental, RV setup, hunting retreat, or man camp style rental opportunity. With a functional layout and flexible use options, this property is ready to start producing income immediately. Inside you’ll find approximately 900 sq ft of living space featuring built-in bunk beds for maximizing sleeping capacity, a spacious dining area, full bathroom and a well designed kitchen complete with brand new granite countertops and beautifully stained custom cabinets that add warmth and character throughout the space. The property also includes an additional 400 sq ft storage area, perfect for tools, equipment, ATV storage, workshop space, or future expansion possibilities. The caliche-covered acreage offers ample parking and room for RV hookups, trailers, work trucks, or additional development. Whether you’re searching for a cash-flowing short or long-term rental, oilfield or workforce housing setup, weekend getaway, or multi-use investment property, this place checks all the boxes with rustic charm, functionality, and endless potential.

Investor Tools

$148,693Estimated 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
$1,194 /month
Positive
Cash Flow Estimate:
$398 /month

Interested in this property?

Staci Brodbeck

Sendero Properties, LLC

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$98/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$868
$61,804
2025
$6,534
$55,270
$61,804
No

Tax History

Year
Tax Paid
Assessed Value
2025
$868
$61,804

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank
Building Or Construction Loan
$150,000
No
First
Dec 29, 2025
Jan 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$148,693
N/A
0%
241%
$900/mo

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: Merkel

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

381 N F.m. 707 | Property Details | No Agent List