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$236,000

NAL Estimated Property Value

51 N Frances Avenue, Shepherd, TX, 77371

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,196 Sq Ft
price_per_sqft$146.32 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher
FlooringBamboo, Tile

Exterior

Lot Size31,067 sqft

Building Information

Year Built1978
Garage Spaces2

Land Information

APN73585
Lot Number78-80
SubdivisionLake Water Wheel Estates
Land UseResidential
Legal DescriptionLAKE WATER WHEEL ESTATES #3, LOT 78 - 80, ACRES .7132
Census Tract200103
Assessed Land Value$10,880
Assessed Improvement Value$218,790
Assessment Year2025

About this property

Private Country Setting! First Time Home Buyers Special or Just For that Weekend Getaway Spot! This Traditional One-Story Home is Situated on 1.15 Acres of Land! (5 lots) Home Features 3/2 w/Open-Concept Living Room with Cathedral Wood Beamed Ceilings that Opens to the Dining/ Kitchen Combo. Breakfast Bar Separates the Kitchen/ Dining Area; Utility Room with Walk in Pantry. Primary Bedroom + Primary Bath with Shower Only; Many updates throughout includes 3 yr old composition roof, newly installed bamboo wood flooring, upgraded bathrooms. Attached Carport + 2 car Detached Garage. Lake Water Wheel Subdivision Amenities Include: Community Pool (under some remodeling/repairs due to last Fed Freeze), private lake, clubhouse, playground area, tennis courts, and private air strip for the neighborhood owners, some have their own planes & hangers Make your private appt today!

Investor Tools

Property Icon
$236,000
Estimated Property Value
$132,487Estimated Mortgage Balance
$103,513Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,416 /month
Positive
Cash Flow Estimate:
$472 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$173/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$893
$229,670
2025
$10,880
$218,790
$229,670
No

Tax History

Year
Tax Paid
Assessed Value
2025
$893
$229,670

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Legend Lending Corp
Conventional
$144,000
No
First
Feb 24, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$132,487
$103,513
43%
56%
$864/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,564/mo
+$158/mo
8.8%

City: Shepherd

51 N Frances Avenue | Property Details | No Agent List