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$181,000

510 S Cedar, Kermit, TX, 79745

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,524 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$117.78 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Off-Market ListHigh Equity

About this property

Spacious home in the middle of town with some nice trees. This property has a small apartment in back that could be used for rental or as a hangout for the kids. Buyer can pick out new flooring or discount and purchase "as-is". Appliances included, but buyer will need to verify condition. Seller is not aware of the condition.

Investor Tools

Property Icon
$181,000
Estimated Property Value
$0Estimated Mortgage Balance
$7,373Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,086 /month
Positive
Cash Flow Estimate:
$362 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$266/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,288
$110,532
2025
$1,900
$114,970
$116,870
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,288
$110,532

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Fha
$176,739
Yes
First
Apr 24, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$173,627
$7,373
4%
96%
$1,060/mo

Learn About the Market: Opportunity in Texas

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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: Kermit

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510 S Cedar | Property Details | No Agent List