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$282,390

NAL Estimated Property Value

390 Johnston Ln, Perrin, TX, 76486

$318,047 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,841 Sq Ft
price_per_sqft$157.52 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Microwave
FlooringLaminate

Exterior

Exterior FeaturesFire Pit
Lot Size2.07 acres

Building Information

Year Built2012
Garage Spaces2

Land Information

APN59108
Land UseResidential
Legal DescriptionAB 646 TE & L CO
Census Tract950500
Assessed Land Value$31,050
Assessed Improvement Value$251,340
Assessment Year2025

About this property

**Bring Your Horses!** This budget-friendly horse property spans 2.070 acres and is conveniently located just 15 minutes from the charming town of Mineral Wells, 30 minutes from Weatherford, and only an hour from Fort Worth and the Will Rogers Coliseum. The property includes nice sandy loam, a horse shed with electric-fenced pens and an 80 ft round pen for training your horses. And There's plenty of space to park a truck and trailer. The well-maintained brick home features three bedrooms and two bathrooms, all tucked down a private country road. Inside, you'll find an inviting open living room complete with a cozy wood-burning fireplace, as well as a dining area. A large 20 x 30 patio out the back door provides a wonderful outdoor space for entertaining. The two-car garage offers ample room for a full-size washer and dryer. Additionally, there's a chicken coop ready for you to start your farm and a storage shed for feed and tack. Survey is available. Boundary Lines depicted are approximate.

Investor Tools

Property Icon
$282,390
Estimated Property Value
$269,675Estimated Mortgage Balance
$12,715Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$318,046
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,740 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$461/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$282,390
2025
$31,050
$251,340
$282,390
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$282,390

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Fha
$274,928
Yes
First
Apr 8, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$269,675
$12,715
4%
95%
$1,649/mo

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.

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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: Perrin

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390 Johnston Ln | Property Details | No Agent List