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$475,000

1814 Fm 1187, Crowley, TX, 76036

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,817 Sq Ft
price_per_sqft$261.42 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Electric Oven, Electric Range, Electric Water Heater
FlooringLaminate

Exterior

Lot Size28,750 sqft

Building Information

Year Built1987
Garage Spaces2

Land Information

APNA 506-5A12
SubdivisionFernandez, Antonio Survey
Land UseResidential
Legal DescriptionFERNANDEZ, ANTONIO SURVEY ABSTRACT 506 TRACT 5A12
Census Tract111018
Assessed Land Value$37,125
Assessed Improvement Value$125,321
Assessment Year2025

About this property

Turn-key, income-producing homestead! Situated in rural Crowley, Texas, this incredible 0.66-acre property features two entirely separate, detached homes on a single lot, perfect for dual rental income or a live-in primary residence with an automated mortgage subsidy. Built for maximum independent living, both homes feature large covered front porches that perfectly capture peaceful Texas vibes, along with separately metered electric & two 500-gallon septic tanks for simple, low-overhead property management (water shares a single master meter). Main Residence (1,817 Sq Ft) • Layout: A spacious 3-bed (and bonus room or 4th bedroom), 2-bath floor house. • Parking & Exterior: Features a large covered front porch & attached 480 sq ft carport for parking & storage. • Updated several years ago with recently added fresh interior paint and modernized kitchen & bathrooms. Second Detached Home (875 Sq Ft) • Layout: An incredible 2-bed, 1-bath home. • Exterior: Features a covered front porch, matching the farmhouse aesthetic of the main house. • Completely remodeled to command top-tier rental rates. The kitchen has a brand-new range & premium quartz countertops. Finishes throughout; flooring, paint, lights & ceiling fans & doors. Refreshed bathroom with a modern vanity & a shower-tub insert. • Utility Setup: Property management is made incredibly straightforward with separate electric meters and two independent 500-gallon septic systems (one for each house). The homes share a single water meter, making billing simple to calculate. • A .66 acre gives a good amount of physical separation offering a level of privacy. • Enjoy rural Crowley while retaining quick access to amenities & major commuter highways.

Investor Tools

$0Estimated Mortgage Balance
$293,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

Interested in this property?

Jonathan Cook

Realty Of America, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$365/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,913
$162,446
2025
$37,125
$125,321
$162,446
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,913
$162,446

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$293,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,210/mo
N/A
+$2,210/mo
9.1%

City: Crowley

1814 Fm 1187 | Property Details | No Agent List