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B+
NoAgentList RatingHow are grades calculated? Info

$132,000

655 Cherry Creek Dr, Shepherd, TX, 77371

$136,047 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,216 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$111.02 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Tile, Vinyl

Building Information

Year Built1998

Land Information

APN98511
Lot Number101
SubdivisionMobile Home Only
Land UseResidential
Legal DescriptionMOBILE HOME ONLY ON CHERRY CREEK #1, LOT 101, ACRES .9824, HUD# NTA0822877
Census Tract200104
Assessment Year2025

About this property

Motivated Seller! Bring all reasonable offers! I have a lender that WILL lend on this property! EXCELLENT RENTAL PROPERTY. The property boasts mature Magnolia and other hardwood trees! Seller installed 3 outdoor security lights. The home sits on just under 1 acre fenced lot this 3 bed 2 bath single wide offers the peace and quiet you are looking for! Property is complete with full RV hookup on site with 30amp service. Wood burning fireplace in the living area to spend cozy days or nights watching your favorite shows. Kitchen recently updated. All appliances will convey. The 12 x 15 back deck is enclosed for entertaining or just relaxing. Includes 8x20 storage shed with shelving. Come see this one ASAP! Cannot go FHA or VA due to single wide having been moved more than once. Buyer will need to purchase new Survey. SELLER WILL MAKE NO REPAIRS. Property sold AS IS. Buyer and agent to verify all information. CAN BE CONVERTED TO REAL PROPERTY AT CLOSING!

Investor Tools

Property Icon
$132,000
Estimated Property Value
$0Estimated Mortgage Balance
$132,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$136,047
Rent-to-Value Ratio: 0.72%
Rent Estimate
$810 /month
Positive
Cash Flow Estimate:
$270 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$62/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$89
N/A
2025
N/A
N/A
N/A
No

Tax History

Year
Tax Paid
Assessed Value
2022
$89
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$140,000
100%
0%
$0/mo

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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655 Cherry Creek Dr | Property Details | No Agent List