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$209,000

NAL Estimated Property Value

2118 Cherry Street Lane, Pasadena, TX, 77502

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,051 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.57 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesTrash Compactor, Gas Range

Exterior

Lot Size6,599 sqft

Building Information

Year Built1956
Stories1
Garage Spaces1

Land Information

APN0850420000030
Lot Number30
SubdivisionStrawberry Hills
Land UseResidential
Legal DescriptionLT 30 BLK 8 STRAWBERRY HILLS SEC 5
Census Tract323801
Assessed Land Value$55,650
Assessed Improvement Value$107,053
Assessment Year2025

About this property

Welcome to 2118 Cherry Lane – a charming and inviting home nestled on a spacious, clean lot with a fully fenced yard, offering both privacy and room to grow. This freshly painted home features a cozy sitting area in the front and back, perfect for relaxing afternoons or morning coffee. Inside, you'll find a well-maintained layout with new appliances and plenty of living space for the whole family. There's also ample room to add a second bathroom, giving you flexibility to expand and customize to your needs. Whether you're a first-time buyer or looking for a comfortable family home, this property is a great fit, 2118 Cherry Lane is a wonderful place to plant roots and make memories.

Investor Tools

Property Icon
$209,000
Estimated Property Value
$203,487Estimated Mortgage Balance
$5,513Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,290 /month
Positive
Cash Flow Estimate:
$430 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$225/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,652
$162,703
2025
$55,650
$107,053
$162,703
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,652
$162,703

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Fha
$206,196
Yes
First
Aug 7, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$203,487
$5,513
2%
97%
$1,237/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,237/mo
+$485/mo
9.9%

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: Pasadena

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2118 Cherry Street Lane | Property Details | No Agent List