41Days on Market

55view

$355,000

401 Airport Rd, Marathon, TX, 79842

$436,791 ARV

On Market

2 Beds

2 Bath

1,861 Sq Ft

$190.76 / sqft

Built in 2007

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms 2

AppliancesCooktop, Dishwasher, Gas Cooktop, Disposal, Gas Range, Gas Water Heater, Plumbed For Ice Maker

FlooringLaminate

Exterior

Exterior FeaturesPrivate Yard

Lot Size7.43 acres

Land Information

APN23050

Lot Number18

Land UseResidential Single Family

Legal DescriptionBURN, BLOCK 4, LOT 18, 1.19 AC OUT OF TR: 4, AND .149 AC OUT OF TR: 17, 1.339 AC GC&SF RY CO PART TRACT 17 1.661 ACRES,

Census Tract950500

Assessed Land Value$1,171

Assessed Improvement Value$150,110

Assessment Year2025

About this property

Great location in Marathon, Texas Property consists of 1,861 Sq ft home with additional 1,200 Sq feet for deck, car port, storage and porch, built in 2008. Pier and beam foundation Hardie Siding on exterior walls, metal roof in good condition. Property has an additional 2,014 sq ft of storage, barns and greenhouse. This property consists of a total of 8.2 acres with a portion of the acreage and home site located next to the Gage Gardens. This property is bounded on the east by US 385 and to the south by Airport Road. Security fence and privacy fence on home site acreage, balance of acreage is pasture fenced. Property has water well with 10.0+ GPM water production. House has connection to be supplied by water well. Marathon Water Company water and sewer connections. Home is propane hot water, furnace and cooking appliance. Generac propane backup electric generator with automatic start and change over for power outages. Has owned 250 gallon propane tank and secondary non-owned 500 gallon propane service supply tank.

Investor Tools

$405,000

Estimated Property Value

$80,000Estimated Mortgage Balance

$328,128Estimated Equity

80% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$436,791

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,430 /month

Positive

Cash Flow Estimate:

$810 /month

Interested in this property?

Steven Koleno

Beycome Brokerage Realty LLC

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$219/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$605

$151,281

2025

$1,171

$150,110

$151,281

Tax History

Year

Tax Paid

Assessed Value

2025

$605

$151,281

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Elend Mortgage Llc

Credit Line (Revolving) / Heloc

$76,872

First

Dec 19, 2006

Jan 2037

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$76,872

$328,128

81%

19%

$620/mo

Learn About the Market: Opportunity in Texas

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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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