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$225,000

NAL Estimated Property Value

695 Fm 1235, Merkel, TX, 79536

$292,500 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,432 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$71.96 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave
FlooringCarpet, Laminate

Exterior

Lot Size1.74 acres

Building Information

Year Built2017
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR8000000400
Lot Number4
SubdivisionNew York Hill Estates
Land UseResidential
Legal DescriptionNEW YORK HILL ESTATES, BLOCK A, LOT 4, ACRES 1.74, MH LABEL# NTA1771316 / NTA1771317
Census Tract013602
Assessed Land Value$28,966
Assessed Improvement Value$183,054
Assessment Year2025

About this property

Beautiful 2017 Model Home on 1.7 Acres in Merkel, Tx. Large Over 2200 Sq Ft Open Floor Plan! Features 4 Bedrooms, Split plan, 2 Full Baths, 2 Living Areas, Fireplace, Master Bedroom Features a Large Soaking Tub, Large Separate Shower, Big Nice Walk In Closet with Middle Dressing Island. Kitchen Features Tons of Cabinets and Storage Space, X Large Island, Stainless Steel Appliances. Oversized Utility Room with More Storage and Extra Sink! Will Come with a Limited 1 year Home Warranty!! Great Area and Just Minutes from Abilene. Very Motivated Sellers Offering a Painting Allowance or Will Pay Portion of Buyer's Closing Cost With Reasonable Offer!

Investor Tools

Property Icon
$225,000
Estimated Property Value
$113,715Estimated Mortgage Balance
$111,285Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$292,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /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
$2,977
$212,020
2025
$28,966
$183,054
$212,020
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,977
$212,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$125,000
No
First
Aug 2, 2021
Sep 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$113,715
$111,285
49%
51%
$750/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$750/mo
+$940/mo
9.0%

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.

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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: Merkel

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