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$152,000

NAL Estimated Property Value

391 Mid Lane, Shepherd, TX, 77371

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths744 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$191.53 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesElectric Oven, Electric Range, Free-Standing Range, Oven
FlooringLaminate

Exterior

Lot Size1 acre

Building Information

Year Built1983
Garage Spaces1

Land Information

APN72341
Lot Number136,137
SubdivisionLake Tejas
Land UseResidential
Legal DescriptionLAKE TEJAS, LOT 136 & 137, ACRES 1.0
Census Tract200103
Assessed Land Value$27,500
Assessed Improvement Value$93,050
Assessment Year2025

About this property

Great opportunity to join the rural community!! This 2 bedroom, 1 bath wood frame home is situated on 1 acre within Shepherd ISD. This property features a workshop & carport with storage shed. With a little TLC, this home would make a great starter home! An additional meter and and sewer system located on the property - would be great for in-laws to move in a home or add another house for potential rental income.

Investor Tools

Property Icon
$152,000
Estimated Property Value
$121,403Estimated Mortgage Balance
$30,597Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$912 /month
Positive
Cash Flow Estimate:
$304 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$110/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$559
$120,550
2025
$27,500
$93,050
$120,550
No

Tax History

Year
Tax Paid
Assessed Value
2025
$559
$120,550

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aim Cu
Conventional
$128,250
No
First
Jun 27, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$121,403
$30,597
20%
80%
$769/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$769/mo
+$538/mo
10.3%

City: Shepherd

391 Mid Lane | Property Details | No Agent List