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$241,000

5804 Shipp Drive, Watauga, TX, 76148

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,150 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.43 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesStorage
Lot Size8,564 sqft

Building Information

Year Built1962
Stories1
Garage Spaces2

Land Information

APN4080-10-2
Lot Number2
SubdivisionBrowning Heights North
Land UseResidential
Legal DescriptionBROWNING HEIGHTS NORTH BLOCK 10 LOT 2
Census Tract113810
Assessed Land Value$45,000
Assessed Improvement Value$155,000
Assessment Year2025

About this property

Come and see!! You will love this private home? No neighbors behind or to one side. This three bedroom, 2 full bath home is Completely remodeled. All new floors, New paint inside and out, new bathrooms , all new appliances, granite counter tops. Brand new hot water heater. We enlarged the master closet and added a large walk in shower in the master that will blow you away. Very private backyard. One car oversized garage and a two car carport. This is a great home for the first time home buyer or if you are downsizing. Great location. Seller is a licensed Texas Realtor

Investor Tools

Property Icon
$241,000
Estimated Property Value
$0Estimated Mortgage Balance
$82,477Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,446 /month
Positive
Cash Flow Estimate:
$482 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$381/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,367
$200,000
2025
$45,000
$155,000
$200,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,367
$200,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Financial Network Inc
Fha
$177,352
Yes
First
Nov 23, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$158,523
$82,477
34%
66%
$1,064/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,490/mo
$1,064/mo
+$1,426/mo
12.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Watauga

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5804 Shipp Drive | Property Details | No Agent List