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A+
NoAgentList RatingHow are grades calculated? Info

$180,000

508 County Road 287, Merkel, TX, 79536

$234,000 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,330 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$77.25 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range
FlooringCarpet, Vinyl, Wood

Exterior

Lot Size3.49 acres

Building Information

Year Built1952
Stories1
Roof Type105
Garage Spaces2

Land Information

APNA1868000300
SubdivisionSur 19 N B Teaff
Land UseResidential
Legal DescriptionA1868 SUR 19 N B TEAFF, ACRES 3.49
Census Tract013602
Assessment Year2025

About this property

Easy to access country living with a little bit of land. Could this be what you're looking for? 4 bedrooms, 1.5 bathrooms with 2330 sq feet of spacious living area sitting on a horse-friendly 3.5 acres. Much of the home has the original hardwood floors, and remaining flooring is just waiting to be updated by the new owners. The property is fully fenced, and cross-fenced for your livestock, and you will find plenty of places to park and store your toys and equipment. 2 car attached carport with an attached 11x19 storage room. 2 car detached garage with an attached covered RV parking spot. Water well installed in 2022, just lacks electricity for the pump. Exterior looks on this one are deceiving as the home is currently working with insurance to replace all the exterior siding to grey siding with white trim and a brand new roof! Schools and measurements should be verified by buyer. Jump on your horse, grab your paintbrush and flooring ideas and come check it out!

Investor Tools

Property Icon
$535,000
Estimated Property Value
$280,250Estimated Mortgage Balance
$264,385Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$234,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,210 /month
Positive
Cash Flow Estimate:
$1,070 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$319/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,150
$168,306
2025
N/A
N/A
$288,835
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,150
$168,306

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Financial Services Llc
Conventional
$280,250
No
First
Jun 18, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$270,615
$264,385
49%
51%
$1,681/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$1,681/mo
+$9/mo
3.8%

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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508 County Road 287 | Property Details | No Agent List