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$364,000

12 Highland Drive, Ransom Canyon, TX, 79366

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,668 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$136.43 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesAwning(s), Courtyard
Lot Size10,708 sqft

Building Information

Year Built1987
Roof Type114
Garage Spaces420

Land Information

APNR25100
Lot Number240
SubdivisionLake Ransom Canyon
Land UseResidential
Legal DescriptionLAKE RANSOM CANYON BLK 12 L 24
Census Tract010700
Assessed Land Value$8,245
Assessed Improvement Value$283,744
Assessment Year2025

About this property

Welcome to 12 Highland Dr in desirable Ransom Canyon! This spacious 4-bedroom, 3-bath home offers 2,668 sq ft of comfortable living space with thoughtful updates throughout. The kitchen features granite countertops, stainless steel appliances, and ample storage. A large primary suite, generously sized secondary bedrooms, and a finished basement provide plenty of room for family, guests, work, or play. Enjoy relaxing or entertaining in the private backyard with a covered patio and pergola. Located just minutes from Lubbock, this home combines small-town charm, community amenities, and the peaceful lifestyle that makes Ransom Canyon so special. Don't miss this opportunity to make it yours!

Investor Tools

Property Icon
$394,000
Estimated Property Value
$0Estimated Mortgage Balance
$200,129Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,364 /month
Positive
Cash Flow Estimate:
$788 /month

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Seth Martin

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$593/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,140
$291,989
2025
$8,245
$283,744
$291,989
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,140
$291,989

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Conventional
$216,035
No
First
Jan 11, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$193,871
$200,129
50%
49%
$1,296/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,356/mo
+$604/mo
6.0%

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Ransom Canyon

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12 Highland Drive, Ransom Canyon, TX 79366 | Property Details | No Agent List