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$123,077

832 Locust Drive, Kemp, TX, 75143

Off MarketInfo
Baths0 Bath
Baths1,216 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size33,106 sqft

Building Information

Year Built2021

Land Information

APN2360-0006-0140-85
Lot Number14,17
SubdivisionCedar Knolls (142)
Land UseResidential
Legal DescriptionLTS 14-17 AB 142 G G COLE SUR, CEDAR KNOLLS SUBD #1, BLK F LTS 14-17----
Census Tract950700
Assessed Land Value$12,000
Assessed Improvement Value$123,767
Assessment Year2025

About this property

Four corner lots with 0.70 acres that have been recently cleaned up and lightly treed. This is a great home site, mobiles welcome!

Investor Tools

Property Icon
$123,077
Estimated Property Value
$0Estimated Mortgage Balance
$21,780Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$738 /month
Positive
Cash Flow Estimate:
$246 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$92/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$489
$123,077
2025
$12,000
$123,767
$135,767
No

Tax History

Year
Tax Paid
Assessed Value
2024
$489
$123,077

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
21st Mortgage Corp
Purchase Money Mortgage
$112,654
No
First
Feb 9, 2021
Feb 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$101,297
$21,780
17%
82%
$676/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.

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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: Kemp

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