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$195,000

NAL Estimated Property Value

765 Fire Station Rd, Franklin, TX, 77856

Off MarketInfo
Baths0 Bath
Baths625 Sq Ft

Highlights

Interior

Bathrooms 0Bathrooms 0
AppliancesElectric Water Heater

Exterior

Lot Size1 acre

Land Information

APN000248-000052
Land UseMobile Home
Legal DescriptionAB 248 Z N MORRELL 1333/401 MH ONLY ON 456000-057535 MOBILE HOME ONLY 456000-52470 MOBILE HOME ONLY 456000-55590 (RENT)
Census Tract960300
Assessed Land Value$23,390
Assessed Improvement Value$556
Assessment Year2023

About this property

+/- 4.6 acre tract located in the Easterly area right outside of Franklin's city limits and less than a mile to US-79! This property features scattered trees, overhead electrical lines, and co-op water. Ready for new driveway entrance that you can customize to your desire. Gentle rolling topography create beautiful views of surrounding countryside. Partially fenced with cross-fencing. A 1,280 SqFt mobile home is situated towards the back of the property with 3 bedrooms, 2 baths, and field line septic. Ideal property for a few horses, hobby farm or 4H/FFA projects. Do not miss out on this property that has tons of potential!

Investor Tools

Property Icon
$195,000
Estimated Property Value
$0Estimated Mortgage Balance
$195,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,170 /month
Positive
Cash Flow Estimate:
$390 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$110/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$23,946
2023
$23,390
$556
$23,946
No

Tax History

Year
Tax Paid
Assessed Value
2022
N/A
$23,946

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$195,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Franklin

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765 Fire Station Rd | Property Details | No Agent List