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$228,000

407 N Ave B, Kermit, TX, 79745

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,430 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$160.77 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListHigh Equity

About this property

Adorable 4 bedroom, 1.5 bathroom brick home in Kermit ready for new owners! Lovely green front yard thanks to a new sprinkler system and sod. Beautiful relaxing backyard with extended concrete patio, mature trees and large fenced in area to enjoy. Many updates already done including updated bathrooms and a new HVAC system! All kitchen appliances stay. Call your favorite realtor for a tour today!

Investor Tools

Property Icon
$228,000
Estimated Property Value
$0Estimated Mortgage Balance
$221,327Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,379 /month
Positive
Cash Flow Estimate:
$460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$146/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$616
$73,377
2025
$3,120
$125,060
$128,180
No

Tax History

Year
Tax Paid
Assessed Value
2025
$616
$73,377

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas State Affordable Hsng Corp
Stand Alone Second / Subordinate Position
$6,772
No
First
Jun 13, 2025
Jun 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$6,673
$221,327
97%
3%
$41/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: Kermit

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407 N Ave B | Property Details | No Agent List