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$344,000

NAL Estimated Property Value

7467 County Road 6150, Shallowater, TX, 79363

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,650 Sq Ft
price_per_sqft$139.39 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Free-Standing Range
FlooringCarpet, Tile

Exterior

Lot Size3.88 acres

Building Information

Year Built1978
Roof Type105
Garage Spaces2

Land Information

APNR140852
Lot Number75950
SubdivisionNorthwest Place
Land UseResidential
Legal DescriptionBLK JS SEC 34 AB 864TR 60 & 61 NORTHWEST PLACE AC: 3.878
Census Tract010301
Assessed Land Value$38,780
Assessed Improvement Value$236,206
Assessment Year2025

About this property

This two story home is located in Shallowater is situated on a 3.8 acre corner lot with a barn set up for show steers. The interior features faux wood tile flooring with updates throughout. The kitchen has tile flooring and backsplash with stained wood cabinets. Adjacent to kitchen is a large utility room that leads out to the large backyard with covered patio. The master bathroom has been updated with a tile shower and separate tub. The second floor has a 3/4 bathroom and two bedrooms. The exterior of the home has a metal roof, circle drive, lots of shade trees, a large barn and storage space.

Investor Tools

Property Icon
$344,000
Estimated Property Value
$0Estimated Mortgage Balance
$344,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,064 /month
Positive
Cash Flow Estimate:
$688 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$514/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,446
$274,986
2025
$38,780
$236,206
$274,986
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,446
$274,986

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$344,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
N/A
+$1,425/mo
5.0%

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.

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: Shallowater

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