$270,000
110 Davis Ln, Merkel, TX, 79536
On Market
Just Added
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Ice Maker, Microwave, Vented Exhaust Fan
FlooringCarpet, Concrete
Exterior
Lot Size2 acres
Building Information
Year Built2005
Stories1
Roof Type312
Garage Spaces6
Land Information
APNA0073013503
SubdivisionSur 147 Grimes County School
Land UseResidential
Legal DescriptionA0073 SUR 147 GRIMES COUNTY SCHOOL, TRACT TRACT 29, ACRES 2.0
Census Tract013601
Assessed Land Value$30,938
Assessed Improvement Value$261,536
Assessment Year2025
About this property
Enjoy country living on 2 acres in Merkel! This 3-bedroom, 2-bath home offers 1,568 square feet of living space with plenty of room to spread out. The property features a spacious shop with large rolling bay door, and a 2-car carport, providing ample space for vehicles, equipment, hobbies, or storage. Relax on the covered front and back porches and enjoy the extra space and possibilities this property has to offer!
Investor Tools
$103,646Estimated Mortgage Balance
$222,354Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,956 /month
Positive
Cash Flow Estimate:
$652 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$374/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,861
$290,182
2025
$30,938
$261,536
$292,474
No
Tax History
Year
Tax Paid
Assessed Value
2025
$2,861
$290,182
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Fha
$131,200
Yes
First
Nov 4, 2016
Dec 2046
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$103,646
$222,354
68%
32%
$787/mo
