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$347,000

6514 E Fm 1585, Slaton, TX, 79364

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,763 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$141.8 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Dishwasher, Electric Cooktop, Microwave

Exterior

Lot Size1 acre

Building Information

Year Built1976
Garage Spaces2

Land Information

APNR105703
Lot Number29000
Land UseResidential
Legal DescriptionBLK S SEC 58 AB 461 TR NW2 AC: 1
Census Tract010700
Assessed Land Value$14,000
Assessed Improvement Value$205,990
Assessment Year2025

About this property

Adorable, fully remodeled home on 1 Acre in Slaton, TX! If you're looking for the peace and privacy of country living with the convenience of quick access to Lubbock, this place is perfect for you. Beautiful wood look tile throughout the home, with a fully updated kithen with excellent butcher block countertops and tons of storage. The 300 sq ft structure in the back has been completely finished out and would be perfect for an office, playroom, or man cave. Don't miss your chance to call this house a home.

Investor Tools

Property Icon
$347,000
Estimated Property Value
$212,000Estimated Mortgage Balance
$141,306Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,082 /month
Positive
Cash Flow Estimate:
$694 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$342/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,374
$219,990
2025
$14,000
$205,990
$219,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,374
$219,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Va
$212,000
Yes
First
Sep 4, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$205,694
$141,306
40%
59%
$1,272/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,220/mo
$1,272/mo
$-52/mo
4.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Slaton

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6514 E Fm 1585 | Property Details | No Agent List