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$329,900

NAL Estimated Property Value

4516 HWY 587, Gorman, TX, 76454

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,536 Sq Ft
price_per_sqft$214.78 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market List

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Cooktop
FlooringLaminate, Tile

Exterior

Exterior FeaturesOther

About this property

BACK ON MARKET, BUYER FINANCING FELL THROUGH - Bring your horses, ride, rope or run barrels in this beautiful 150x250 sandy loam lighted arena with a 25x100 three sided cover that would be great for over a roping box with plenty of room for equipment and hay storage. Barn has four covered and lighted pens approx 24x30 size, tack room, three additional uncovered pens and plenty of freeze less water hydrants. This is a handy 9.655 acres. Property is fenced and cross fenced with a 3 bed, 2 bath updated, spacious home with a new roof, custom rustic interior trim work, lots of natural lighting and textured walls with a great view from the front deck. Home has a fireplace, huge kitchen, separate dining area with a ton of cabinet space. survey available.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,979 /month
Positive
Cash Flow Estimate:
$660 /month

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Financing Details

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

Learn About the Market: Opportunity in Texas

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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: Gorman

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4516 HWY 587 | Property Details | No Agent List