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$1,130,000

7132 Fm 1181, Ennis, TX, 75119

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,875 Sq Ft
FarmFarm
price_per_sqft$602.67 / sqft
Year BuiltBuilt in 1996

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size113.35 acres

Building Information

Year Built1996
Stories1
Roof Type105
Garage Spaces5

Land Information

APN99.0001.000.112.00.103
SubdivisionT J Chambers
Land UseResidential
Legal Description1 T J CHAMBERS 113.349 ACRES
Census Tract061700
Assessed Land Value$33,745
Assessed Improvement Value$320,500
Assessment Year2025

About this property

This beautiful one owner custom built home with a circular drive is surrounded by large pecan trees sitting on 114 acres with road frontage on FM 1181 and Pecan Grove Road. 3 bedroom, 3 bath with an attached 2 car garage. There is a separate oversized garage approximately 35x24 that has room for additional parking, workbench, sinks and a walk in cooler. There is also a larger Morton Building that is approximately 70x46 with three large drive through doors and has a car lift in it. 2 more barns are on the property as well, including 2 ponds. This property has endless possibilities.

Investor Tools

Property Icon
$562,000
Estimated Property Value
$707,075Estimated Mortgage Balance
$0Estimated Equity
-26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,780 /month
Positive
Cash Flow Estimate:
$2,260 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$570/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,035
$354,245
2025
$33,745
$320,500
$1,365,611
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,035
$354,245

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Credit Line (Revolving) / Heloc
$707,075
No
First
Jul 12, 2021
Jul 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$975,725
N/A
0%
174%
$6,333/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$6,333/mo
$-4,361/mo
4.2%

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: Ennis

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