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$216,000

5888 S FM 1002, Big Sandy, TX, 75755

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,720 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$124.94 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesElectric Water Heater
FlooringVinyl

Exterior

Lot Size20,647 sqft

Building Information

Year Built2008

Land Information

APN60714
Land UseResidential
Legal DescriptionABS A540 WOODY, SAMUEL,TRACT 8, .474 ACRES & 2 HOUSES
Census Tract950502
Assessed Land Value$20,850
Assessed Improvement Value$169,420
Assessment Year2025

About this property

WOW!! 2 charming country "farmhouse style" homes!!! These 2 homes are perfectly nestled on almost half an acre & have been updated. THIS IS A GREAT INVESTMENT OPPORTUNITY. So many possibilities. Live in one..rent out the other?Rent out both? Live in one and keep the other as a guest house. The current owner is doing great with a VRBO! Each home has 2 bedrooms and a custom designed bathroom. The red home has a spacious upstairs bedroom and the master bedroom is located downstairs (Even has a NEW metal roof!.) The grey home has two bedrooms downstairs & a loft. Every bit of the space was perfectly designed for functionality and purpose. Open concept, vaulted ceilings, with all of the charming country farmhouse features. Property also features a chicken coop, 18X20 workshop/storage building w/ electric, fruit trees sprinkled all around the property, and mature trees providing plenty of shade. This darling property is perfect for someone who doesn't need a huge space, but is looking for a perfectly designed getaway. The property is located in a quiet rural area, but is only a short drive to the city. Inquire today! Seriously..these homes are full of charm! Don't miss the chance to make this your country retreat today!!

Investor Tools

Property Icon
$216,000
Estimated Property Value
$0Estimated Mortgage Balance
$22,261Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,296 /month
Positive
Cash Flow Estimate:
$432 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$217/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,520
$190,270
2025
$20,850
$169,420
$190,270
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,520
$190,270

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Financial Services Llc
Fha
$201,286
Yes
First
Apr 19, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$193,739
$22,261
10%
90%
$1,207/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: Big Sandy

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5888 S FM 1002 | Property Details | No Agent List