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$490,000

1178 Black Ankle Rd, Lockhart, TX, 78644

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,728 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$283.56 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2.26 acres

Building Information

Year Built2019
Stories1

Land Information

APN0200996-000-022-00
Lot Number22
SubdivisionTower Meadows Subd
Land UseResidential
Legal DescriptionTOWER MEADOWS SUBD, LOT 22, ACRES 2.265
Census Tract960102
Assessed Land Value$138,860
Assessed Improvement Value$392,650
Assessment Year2025

About this property

Welcome to a property that delivers space, flexibility, and opportunity on 2.6 acres. This unique setup includes a comfortable one-story main home plus a versatile two-story detached guest structure, offering multiple living, rental, or work-from-home possibilities. ?? Main House — 3 Beds | 2 Baths | Single Story The main home features a bright, open layout with three bedrooms and two full baths, creating an inviting space perfect for daily living or entertaining. Its warm feel and easy flow make it a great place to unwind and enjoy the peaceful surroundings. ??? Detached Guest House — Two Stories | Dual-Entry Design The two-story guest structure opens the door to endless possibilities. Each level has its own spacious layout and private exterior entrance, making it ideal for flexible living or potential rental use. Upstairs: A large, open room filled with natural light and access to a covered balcony—perfect for relaxing or taking in the views. Downstairs: Another generous open area with a full bathroom, ideal for a guest suite, office, studio, or creative workspace. With both levels already separated and individually accessible, the building can easily be finished out as two studio-style units, giving you the option to create an income-producing duplex, private guest quarters, or extended-family living.

Investor Tools

$260,258Estimated Mortgage Balance
$271,745Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,189 /month
Positive
Cash Flow Estimate:
$1,063 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,012/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,488
$531,510
2025
$138,860
$392,650
$531,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,488
$531,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Conventional
$285,000
No
First
Sep 17, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$260,258
$271,252
51%
49%
$1,709/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$1,709/mo
+$379/mo
4.7%

City: Lockhart