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$99,000

508 Kenneth Ave S, Monahans, TX, 79756

$128,700 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,890 Sq Ft
price_per_sqft$52.38 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Must-SellARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Water Heater

Exterior

Lot Size8,398 sqft

Land Information

APN7873
Lot Number5
Land UseResidential
Legal DescriptionLOT 5 BLK 12 PROVIDENCE #2
Census Tract950200
Assessed Land Value$4,450
Assessed Improvement Value$66,150
Assessment Year2025

About this property

Investor Alert! Corner Lot Potential in Monahans! Looking for your next project or a way to build immediate equity? This 3-bedroom, 1.5-bathroom fixer-upper sits on a massive corner lot and is bursting with potential for the right visionary. Whether you are an investor looking for a high-yield rental or a DIY homeowner ready to create a custom masterpiece, this home provides the perfect bones to start with. Being sold as-is, offering a fantastic opportunity to roll up your sleeves or reap rewards!

Investor Tools

$45,281Estimated Mortgage Balance
$52,719Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$128,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$594 /month
Positive
Cash Flow Estimate:
$198 /month

Interested in this property?

Kathryn Jesse

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$161/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,438
$70,600
2025
$4,450
$66,150
$70,600
Yes (2021)

Tax History

Year
Tax Paid
Assessed Value
2025
$1,438
$70,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
N/A
Land Contract (Argmt. Of Sale)
$55,000
No
First
Nov 13, 2017
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$45,281
$52,719
53%
46%
$330/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.

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: Monahans

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508 Kenneth Ave S | Property Details | No Agent List