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$250,000

502 E Fm 597, Abernathy, TX, 79311

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,645 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$94.52 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Dishwasher, Microwave, Oven, Gas Water Heater

Exterior

Exterior FeaturesNone
Lot Size25,613 sqft

Building Information

Year Built1962
Roof Type105
Garage Spaces550

Land Information

APNR28709
Lot Number300
Land UseResidential
Legal DescriptionBLK CK SEC 13 AB 623 TR 1C1 ACS: .588
Census Tract010202
Assessed Land Value$8,232
Assessed Improvement Value$297,341
Assessment Year2025

About this property

Potential abounds in this 3/2.5/2 home located on about half an acre just on the outside edge of the surging Abernathy community. The home offers country living with the convenience of City water. This property features two generously sized living spaces, spacious bedrooms, a large kitchen with granite countertops, brand new windows, and so much more. There are some minor TLC projects needed to complete the home, but it's priced accordingly and needs to go fast so bring your offer to the table.

Investor Tools

$0Estimated Mortgage Balance
$377,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,262 /month
Positive
Cash Flow Estimate:
$754 /month

Interested in this property?

Ty Horsford

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$242/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,014
$255,041
2025
$8,232
$297,341
$305,573
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,014
$255,041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$377,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
N/A
+$1,425/mo
4.5%

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: Abernathy

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