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Days158Days on Market
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$80,000

408 S Hoover St, Marfa, TX, 79843

$104,000 ARVInfo
On MarketInfo
Baths0 Bath
Baths2,328 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size12,197 sqft

Land Information

APN181000000050002000000
Lot Number1-3,2S
Land UseResidential
Legal Description5, RAETZSCH W 50' OF LOT 1 & N 1 W 50' OF LOT 2S 27.5' OF LOT 2 & A OF LOT 3
Census Tract950100
Assessed Land Value$92,370
Assessed Improvement Value$376,390
Assessment Year2025

About this property

New build started on a really nice city lot. Floor plan included in sale. Plumbing, foundation permits complete. This road is in the city of Marfa convenient to all the things but quiet enough for a great space for relaxing, second home or vacation rental. This road leads to some beautiful landscape in West Texas. Seller is experienced builder in the area and will custom finish out for buyer. Custom home next door is also for sale and can be packaged together. Price negotiable.

Investor Tools

$0Estimated Mortgage Balance
$468,760Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$104,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,813 /month
Positive
Cash Flow Estimate:
$938 /month

Interested in this property?

Ofelia McDonald

Pauly Presley Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$959/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,161
$468,760
2025
$92,370
$376,390
$468,760
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,161
$468,760

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$468,760
100%
0%
$0/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.

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: Marfa

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408 S Hoover St | Property Details | No Agent List