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$198,000

140 Shirley Drive, Lacy Lakeview, TX, 76705

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,121 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$178.41 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Range, Electric Water Heater, Ice Maker, Refrigerator, Vented Exhaust Fan
FlooringHardwood, Laminate

Exterior

Lot Size7,802 sqft

Building Information

Year Built1961
Stories1
Roof Type105
Garage Spaces1

Land Information

APN200351000088005
Lot Number10
SubdivisionNew Haven
Land UseResidential
Legal DescriptionNEW HAVEN LOT 10 BLOCK G ACRES .1791
Census Tract003200
Assessed Land Value$24,020
Assessed Improvement Value$142,000
Assessment Year2025

About this property

MOTIVATED SELLER!!! This beautifully renovated home offers comfort and tranquil living is a spacious 3 bedrooms, 1 bathroom, and a generous 1 car garage. Discover a transformed crisp bright white interior as you step inside this thoughtfully designed open-concept layout with all new flooring that seamlessly flows through the living spaces. The heart of the home in the kitchen, offers spacious countertops and cabinet storage that provide functional workspace for the chef of the home. Beautiful trees and fully fenced backyard is perfect for family enjoyment and entertaining. The home is located directly across the street from the Texas State Technical College (TSTC) campus. Built in the early 1960s, the property offers approximately 1,164 square feet of living space on a 0.1791-acre lot. This property presents a unique opportunity for investors aiming to capitalize on the thriving rental market near TSTC with it’s strategic location and potential for value addition to add to your investment portfolio. Ideal for student housing or faculty rental, ensuring a steady rental income. Make it Home, Make it an Investment… Schedule a showing today!

Investor Tools

Property Icon
$198,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$345/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,147
$166,020
2025
$24,020
$142,000
$166,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,147
$166,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sierra Pacific Mortgage Co Inc
Conventional
$188,657
No
First
Aug 29, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$372,356
N/A
0%
188%
$2,264/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$2,264/mo
$-957/mo
7.9%

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.

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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: Lacy Lakeview

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140 Shirley Drive | Property Details | No Agent List