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$177,000

NAL Estimated Property Value

5 Palmer, Merkel, TX, 79536

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,374 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$105.53 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet

Exterior

Private PoolPrivate Pool
Exterior FeaturesStorage
Lot Size8,459 sqft

Building Information

Year Built1981
Stories1
Roof Type105

Land Information

APNS2350014500
Lot Number5
SubdivisionWestern Hts Sec 3 Of Merkel
Land UseResidential
Legal DescriptionWESTERN HTS SEC 3 OF MERKEL, BLOCK 2, LOT 5
Census Tract013601
Assessed Land Value$2,961
Assessed Improvement Value$159,410
Assessment Year2025

About this property

Country living right in the middle of town! This cute home sits on a fantastic lot right in the middle of Merkel, and right behind it is a large open field for that perfect country mix. This home is an entertainers dream, with a fantastic pool, large deck, two outdoor living areas with room for everyone to come and enjoy. Whether you want a large yard for kids to run around and play, entertain guests, raise chickens, or garden, this back yard will suit your needs. The home has been updated with concrete stained floors and the entire HVAC system has been replaced. There are 2 living areas with one featuring an excellent wood burning stove. The kitchen boasts tons of cabinets and granite countertop space plus the appliances convey. All three bedrooms are good sized and the bathroom has been updated. There is also a water well that is used to water the lawn. This home should not last long. Call now to set up an appointment.

Investor Tools

Property Icon
$177,000
Estimated Property Value
$132,432Estimated Mortgage Balance
$44,568Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,062 /month
Positive
Cash Flow Estimate:
$354 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$197/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,474
$134,332
2025
$2,961
$159,410
$162,371
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,474
$134,332

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$142,373
Yes
First
Aug 18, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$132,432
$44,568
25%
75%
$854/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,390/mo
$854/mo
+$536/mo
9.4%

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: Merkel

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