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$191,371

NAL Estimated Property Value

505 S Home St, Corrigan, TX, 75939

$248,782 ARVInfo
Off MarketInfo
CommercialInfo
Beds4 Beds
Baths3 Bath
Baths2,930 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$64.85 / sqft
Year BuiltBuilt in 1945

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1.36 acres

Building Information

Year Built1945
Roof Type115

Land Information

APN10754000800
SubdivisionAbst 754 D Williams Survey
Land UseCommercial
Legal DescriptionABST 754 D WILLIAMS SURVEY TRACT 8 & 9
Census Tract210402
Assessed Land Value$38,073
Assessed Improvement Value$153,298
Assessment Year2025

About this property

Currently used as a duplex but easily converted to a single-family home! This fully furnished property sits on 1.36 acres with a fenced yard, ample parking, and room to add another home. The converted garage serves as a 4th bedroom and would make a great mother-in-law suite with its own entrance, kitchenette, and living area. Features include a roof replaced in 2018, 2 new HVAC units, and handicap-accessible features. Tenant will vacate at the time of sale. With its flexible layout and furnishings, this home would make an excellent short-term rental or multi-generational living space! HOME MAY ALSO BE SOLD WITH 0.75 ACRE FOR $175,000. Currently under construction, once complete the loop will divert heavy traffic away from Corrigan.

Investor Tools

Property Icon
$191,371
Estimated Property Value
$104,078Estimated Mortgage Balance
$87,293Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$248,782
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,148 /month
Positive
Cash Flow Estimate:
$383 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$316/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,839
$191,371
2025
$38,073
$153,298
$191,371
No

Tax History

Year
Tax Paid
Assessed Value
2022
$2,839
$191,371

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Unknown
$112,500
No
First
May 18, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$104,078
$87,293
45%
54%
$675/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: Corrigan

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505 S Home St | Property Details | No Agent List