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$307,000

NAL Estimated Property Value

5362 Fm 1940, Franklin, TX, 77856

$347,099 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,841 Sq Ft
price_per_sqft$95.06 / sqft

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2

Exterior

Lot Size2.66 acres

Building Information

Garage Spaces2

Land Information

APN000032-000233
Land UseResidential
Legal DescriptionAB 32 GRANDE M 23-C 1544/595 2.66 ACRES
Census Tract960300
Assessed Land Value$54,560
Assessed Improvement Value$85,056
Assessment Year2025

About this property

WELCOME to your country oasis on this sought after small acreage tract on scenic and paved FM 1940 in Franklin ISD with so many extras to offer and at such a great value. The property features a 3/2 home with 1841 SF sitting on 2.67 acres - NEW roof and new HVAC motor. The central portion of the home is a manufactured home that has brick veneer; multiple covered porches and patio spaces; two-car garage on slab with newer metal roof and a separate storage room; 36 x 45 metal shop building with separate office and bathroom; hay/equipment barn with tack room; loafing shed and recreational vehicle hookup. The 2.67 acres of land includes perimeter fencing, space to plant your garden and raise your horses or 4-H goats. Twin Creek Water provides metered water service and there is also a water well on site that has an inoperable pump. Husqvarna mower, 7-element Dearborn heater, refrigerator, washer and dryer can stay with a reasonable offer! Contact us today to check out this country gem!

Investor Tools

Property Icon
$307,000
Estimated Property Value
$0Estimated Mortgage Balance
$307,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$347,099
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,842 /month
Positive
Cash Flow Estimate:
$614 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$211/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$992
$139,616
2025
$54,560
$85,056
$139,616
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$992
$139,616

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$228,000
100%
0%
$0/mo

City: Franklin

5362 Fm 1940 | Property Details | No Agent List