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$221,918

NAL Estimated Property Value

24023 Red Sky Dr, Spring, TX, 77373

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,499 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.2 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringTile

Exterior

Lot Size8,834 sqft

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN1143470350002
Lot Number2
SubdivisionNorth Spring
Land UseResidential
Legal DescriptionLT 2 BLK 35 NORTH SPRING SEC 10
Census Tract241101
Assessed Land Value$54,618
Assessed Improvement Value$167,300
Assessment Year2025

About this property

Nestled in a vibrant community, this charming property offers a spacious layout with modern upgrades. The kitchen features quartz countertops. A cozy fireplace in the living room provides a warm ambiance, perfect for relaxing or entertaining guests. The backyard oasis includes a covered patio and lush landscaping, ideal for outdoor gatherings. With nearby parks, schools, and shopping, this home is an excellent opportunity for those seeking a comfortable and convenient lifestyle.

Investor Tools

Property Icon
$221,918
Estimated Property Value
$21,397Estimated Mortgage Balance
$200,521Estimated Equity
90% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,332 /month
Positive
Cash Flow Estimate:
$444 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$248/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,870
$221,918
2025
$54,618
$167,300
$221,918
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,870
$221,918

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
World Savings Bank Fsb
Stand Alone First / Home Equity First Lien
$59,430
No
First
Aug 26, 2003
Sep 2033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$21,397
$200,521
90%
10%
$357/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,950/mo
$357/mo
+$1,593/mo
10.5%

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: Spring

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24023 Red Sky Dr | Property Details | No Agent List