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Days2416Days on Market
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$250,000

40 Briar Dr, Shepherd, TX, 77371

On MarketInfo
Beds3 Beds
Baths1 Bath
Baths912 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$274.12 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1Bathrooms 1
AppliancesElectric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer
FlooringConcrete

Exterior

Lot Size1.63 acres

Building Information

Year Built1965

Land Information

APN72220
Lot Number2-4
SubdivisionLake Tejas
Land UseResidential
Legal DescriptionLAKE TEJAS, LOT 2 - 4, ACRES 1.6285
Census Tract200103
Assessed Land Value$32,580
Assessed Improvement Value$81,490
Assessment Year2025

About this property

Completely remodeled from top to bottom, this charming 2-bedroom, 1-bath home is move-in ready and waiting for its new owner! Every detail has been thoughtfully updated, offering modern finishes while maintaining the warmth and character of a cozy home. Situated in the peaceful community of Shepherd, this property offers the freedom of no HOA and no known restrictions, giving you endless possibilities to make it your own. Whether you're looking for space to store recreational vehicles, build a workshop, start a garden, or simply enjoy the outdoors, this property provides plenty of room to fit your lifestyle. Perfect as a starter home, weekend retreat, or investment property, this home offers the tranquility of small-town living while remaining conveniently located within easy access to nearby amenities and major highways. If you've been searching for an affordable, fully updated home with room to spread out and the freedom to live the way you choose, this is a must-see!

Investor Tools

Property Icon
$163,000
Estimated Property Value
$0Estimated Mortgage Balance
$163,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Brooke Rhoden

Premier Property Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$86/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$222
$114,070
2025
$32,580
$81,490
$114,070
No

Tax History

Year
Tax Paid
Assessed Value
2025
$222
$114,070

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$155,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
N/A
+$1,722/mo
12.7%

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: Shepherd

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40 Briar Dr | Property Details | No Agent List