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Days48Days on Market
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$199,900

962 Cowpen Rd, Karnack, TX, 75661

On MarketInfo
Baths0 Bath

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size27.89 acres

Land Information

APN00572.00010.00010.000000
Land UseRural Land Not Qualified/Residential Impr
Legal DescriptionACRES: 27.888 ABST: 572 R T PROCTOR V
Census Tract020104
Assessment Year2025

About this property

Discover 27.888 acres located in one of the most scenic areas around, offering an ideal setting to build your dream home. With plenty of room to spread out, this property is perfect for outdoor activities such as riding ATVs, exploring, and enjoying the surrounding wildlife. With no known restrictions, the property offers flexibility for residential, recreational, or investment use. It is also well-suited for hunting enthusiasts seeking a private retreat with abundant natural surroundings. The land features a mix of old and newer trails providing access throughout, along with open areas that offer excellent opportunities for hunting and potential homesites. Rolling elevation changes create natural draws that enhance both wildlife movement and privacy. Conveniently located while still offering a peaceful, secluded feel, this property combines versatility with natural beauty. A great opportunity to own acreage with endless potential—schedule your visit today.

Investor Tools

Property Icon
$433,000
Estimated Property Value
$88,000Estimated Mortgage Balance
$349,274Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,598 /month
Positive
Cash Flow Estimate:
$866 /month

Interested in this property?

Stephanie Murray

Pinnacle Realty Advisors

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$273/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,112
N/A
2025
N/A
N/A
$145,330
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,112
N/A

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens 1st Bank
Commercial
$88,000
No
First
Sep 12, 2023
Mar 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$83,726
$349,274
80%
19%
$528/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: Karnack

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962 Cowpen Rd | Property Details | No Agent List