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$115,000

1006 Se Martin Luther King Jr St, Mineral Wells, TX, 76067

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths720 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$159.72 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesElectric Cooktop

Exterior

Lot Size19,994 sqft

Building Information

Year Built1940

Land Information

APN139010000
Lot Number3,4
SubdivisionHitt
Land UseResidential
Legal DescriptionHITT BLK 27 LOTS 3 & 4 G#H0800-00-00270-003-00-0
Census Tract000800
Assessed Land Value$37,460
Assessed Improvement Value$38,290
Assessment Year2025

About this property

Great Opportunity in Growing Mineral Wells – Perfect Starter Home or Investment Property! Discover this beautifully renovated 2-bedroom, 1-bath home in Mineral Wells, an up-and-coming Texas community with exciting growth and real estate potential! Featuring 720 sq. ft. of comfortable living space, this move-in-ready home offers updated kitchen cabinetry, beautiful hardwood floors, and fresh interior finishes. Situated on a generous 0.46-acre lot, the property provides a spacious yard with endless possibilities for outdoor living, entertaining, or future improvements. Perfect for first-time homebuyers, small families, or savvy investors** looking for an affordable rental property in a growing market. Conveniently located near schools, shopping, dining, and Lake Mineral Wells State Park. Whether you're looking for a place to call home or an income-producing investment with long-term appreciation potential, this property is an opportunity worth exploring!

Investor Tools

$83,400Estimated Mortgage Balance
$28,600Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$690 /month
Positive
Cash Flow Estimate:
$230 /month

Interested in this property?

Naor Biringer

Independent Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$183/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,632
$75,750
2025
$37,460
$38,290
$75,750
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,632
$75,750

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Commercial
$88,407
No
First
Sep 20, 2023
Mar 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$83,400
$28,600
25%
74%
$531/mo

City: Mineral Wells

1006 Se Martin Luther King Jr St | Property Details | No Agent List