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$975,000

501 Busted Tool Rd, Zephyr, TX, 76890

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,400 Sq Ft
FarmFarm
price_per_sqft$406.25 / sqft
Year BuiltBuilt in 2011

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher
FlooringLaminate, Tile

Exterior

Lot Size103.91 acres

Building Information

Year Built2004

Land Information

APN31840
SubdivisionS P Williams Survey 313 Abstract
Land UseResidential
Legal DescriptionS P WILLIAMS, SURVEY 313, ABSTRACT 943, ACRES 103.913, MH LABEL # PFS0859097 / PFS0859098
Census Tract950300
Assessed Land Value$569,120
Assessed Improvement Value$309,470
Assessment Year2025

About this property

An amazing opportunity to own a patch of heaven in a perfect setting for running a farm, growing crops, starting a homestead, hunting, or just living in a beautiful rural area with plenty of space! This property consists of 2 houses, 3 wells, 1200 sq ft shop, RV carport with septic, water, and electric hook up, multiple cross fences, stunning seasonal creek, 3 stock tanks, additional homesite-RV area with septic and electric, and all with easy access to Blanket, Brownwood, and Comanche. The main house, at 2400 sq ft, was beautifully custom built in 2013 and finished out in repurposed wood for an authentic farm house look with solid structure. A beautiful from deck The kitchen in this house is to die for and will clearly impress with its size and attention to detail. The second house, around 1200 sq ft, has 2 bed 2 bath and has been remodeled over the years. Many an artifact have been discovered on this property! This property is a must see for anyone looking for land!

Investor Tools

Property Icon
$878,590
Estimated Property Value
$0Estimated Mortgage Balance
$878,590Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,850 /month
Positive
Cash Flow Estimate:
$1,950 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$661/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,538
$878,590
2025
$569,120
$309,470
$878,590
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,538
$878,590

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$878,590
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.

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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: Zephyr

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