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A+
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$197,000

7992 Sims Dr, Frankston, TX, 75763

$256,100 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2,576 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$77.25 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
AppliancesDishwasher, Electric Water Heater

Building Information

Year Built2023

Land Information

APN3051-0003-0130-10
Lot Number13
SubdivisionHighsaw #2 (48)
Land UseResidential
Legal DescriptionLT 13 AB 624 WM PICKETT SUR, HIGHSAW ADDN UNIT 2, BLK 3 LT 13
Census Tract951401
Assessed Land Value$2,000
Assessed Improvement Value$72,765
Assessment Year2025

About this property

Welcome to this versatile residential property in Frankston, Texas, offering a unique opportunity with two separate living spaces on adjoining lots. Together, these properties feature a combined 2,576 square feet of living space, including a spacious 4-bedroom, 3-bathroom doublewide home and an additional tiny home—perfect for multigenerational living, rental income, or a private guest retreat. The main residence is a comfortable one-story layout, designed for easy living with generous room sizes and a functional flow throughout. The living area provides ample space for family gatherings, while the kitchen and dining areas offer plenty of storage and room to entertain. The primary suite includes its own private bathroom, and three additional bedrooms provide flexibility for family, guests, or home office needs. The tiny home sits on its own lot and serves as an ideal secondary dwelling—whether used as a rental unit, in-law suite, studio, or weekend getaway. Located in the charming community of Frankston, this property offers small-town living with easy access to Lake Palestine, local schools, dining, and recreational amenities. This rare setup provides endless possibilities for homeowners or investors alike!

Investor Tools

Property Icon
$197,000
Estimated Property Value
$0Estimated Mortgage Balance
$197,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$256,100
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,194 /month
Positive
Cash Flow Estimate:
$398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$108/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$307
$74,765
2025
$2,000
$72,765
$74,765
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$307
$74,765

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$197,000
100%
0%
$0/mo

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: Frankston

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7992 Sims Dr | Property Details | No Agent List