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Days1282Days on Market
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$2,550

1114 Walter Stephenson Rd Ste Phenson, Midlothian, TX, 76065

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,806 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.41 / sqft
Year BuiltBuilt in 2010

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCeramic Tile, Laminate

Exterior

Lot Size8,276 sqft

Building Information

Year Built2010
Stories1
Roof Type105
Garage Spaces2

Land Information

APN54.6396.903.004.00.108
Lot Number4
SubdivisionMidlothian Meadows V
Land UseResidential
Legal DescriptionLOT 4 BLK C MIDLOTHIAN MEADOWS V 0.19 AC
Census Tract060802
Assessed Land Value$80,000
Assessed Improvement Value$243,404
Assessment Year2025

About this property

Open, spacious, and private, this 3-bedroom, 2-bath, 2-car home offers an inviting open-concept layout designed for comfortable living. The spacious living room features a cozy wood-burning fireplace, while walls of windows in the living room, dining area, and primary bedroom fill the home with abundant natural light. The kitchen is open to the living and dining areas, making it easy to stay connected while cooking or entertaining. It features granite countertops, a center island, a breakfast bar, and a walk-in pantry. Step outside to a large covered patio, perfect for weekend barbecues, outdoor dining, or simply relaxing. Throughout the home, you'll find ceramic tile and attractive laminate flooring with light and dark bamboo tones. The primary suite offers dual closets, separate vanities with dual sinks, a garden tub, and a separate shower, creating a comfortable retreat at the end of the day. Conveniently located with easy access to major highways, you'll enjoy quick commutes to Cedar Hill, Dallas, Arlington, and Waxahachie.***Leasing Requirements*** This property does not participate in any housing voucher or housing assistance programs. Applicants must have a minimum gross monthly income of $7,650+ (approximately 3–3.5 times the monthly rent). Employment, rental history, credit, and criminal background will be verified. Undisclosed negative trade lines are grounds for automatic denial. Application paperwork is available through TransactionDesk. Please submit the completed paperwork, a copy of each applicant's driver's license, and the three most recent pay stubs to the listing agent to receive the application link. All applicants are required to complete an animal profile, whether they have pets or not. Pets will be considered on a case-by-case basis. A $100 administrative fee is due at lease signing. Agents and applicants should independently verify all information material to their decision to lease the property.

Investor Tools

Property Icon
$342,000
Estimated Property Value
$224,250Estimated Mortgage Balance
$131,919Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$682/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,477
$323,404
2025
$80,000
$243,404
$323,404
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,477
$323,404

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank & Trust
Conventional
$224,250
No
First
Feb 10, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$210,818
$119,182
36%
62%
$1,345/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$1,345/mo
+$675/mo
7.1%

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: Midlothian

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1114 Walter Stephenson Rd Ste Phenson | Property Details | No Agent List