About This Home

This 3-bedroom, 3-bathroom single family at 307 N F M 789 #A in Slaton, TX is listed for $3,000,000 ($1,845 per sqft). Built in 2025, the home offers 1,626 sqft of living space on a 1.38 acres lot.

Key Features

  • Built in 2025
  • 1.38 acre lot

Property Details

2 full, 1 half
#A
2025

Amenities

A/C
Listing Description

Excellent investment opportunity near Slaton, Texas! This portfolio includes 10 single-family rental homes, all built in 2025, offering investors the opportunity to acquire a consistent, newer-construction rental portfolio with strong income potential and multiple exit strategies.

Each home features approximately 1,626 square feet, 3 bedrooms, 2.5 bathrooms, and a 2-car garage, for a combined 16,260 square feet across the portfolio. Current scheduled rent is $2,250 per home per month, providing potential gross rental income of $22,500 monthly / $270,000 annually.

The portfolio includes existing tenants and rental history. Newer construction may provide reduced near-term maintenance and capital expenditure needs compared with older rental properties. Unlike a traditional multifamily property, these individually configured homes provide additional flexibility for an investor to hold the entire portfolio for rental income or potentially sell individual properties over time.

Property taxes are currently being contested, and updated tax information will be provided when available. Rent roll, financial information, and additional property documentation available to qualified buyers. Buyer to independently verify all financial information, rental income, expenses, taxes, measurements, valuations, and projections.

Monthly Cost Estimate

$16,045/mo

20% down · 6.5% · 30 years

Principal$2,170
Interest$13,000
Insurance$875

Estimates only. Actual payments may vary.

Location

307 N F M 789 #A

Slaton, TX 79364

Features & Amenities

Interior Features

Ceiling Fan(s)Double VanityKitchen IslandQuartz CountersWalk-In Closet(s)

Exterior Features

Awning(s)Private Yard

Property Details

Flooring

Vinyl

Outdoor Features

Porch

Parking

DrivewayOff Street

Heating

Central

Cooling

Ceiling Fan(s)Central Air

Appliances

DishwasherDisposalElectric OvenElectric RangeMicrowave

Questions & Answers

This 3-bedroom, 3-bathroom single family at 307 N F M 789 is listed at $3,000,000 ($1,845/sqft). The estimated monthly payment is $16,045 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2025, 1.38 acre lot. Interior Features: Ceiling Fan(s), Double Vanity, Kitchen Island. Exterior Features: Awning(s), Private Yard.

This property is listed by Daniel Ewing.

DE

Daniel Ewing

License 0829645

Agent at Panhandle Realty Group

Listed by Panhandle Realty Group · Broker phone: 806-318-8207 · View on Broker Site · Broker website

MLS# 202612276· Source: Lubbock Association of Realtors· 56 days on PropertySimple

Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

307 N F M 789 #A, Slaton, TX 79364

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