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$240,000

120 W 4th Street, Lancaster, TX, 75146

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,208 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$108.7 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
CoolingCooling
AppliancesDishwasher, Gas Range, Vented Exhaust Fan
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size9,148 sqft

Building Information

Year Built1952
Stories1
Roof Type105
Garage Spaces1

Land Information

APN36000500350090000
SubdivisionOrig Town Lancaster
Land UseResidential
Legal DescriptionORIG TOWN LANCASTER BLK 35 ACS 0.21 INT202100360683 DD10152021 CO-DC 0005003500900 4CN00050035
Census Tract016803
Assessed Land Value$52,600
Assessed Improvement Value$220,880
Assessment Year2025

About this property

MOVE IN READY! Come and see this rare to find 3 bedrooms 2 bath house located in the historic district of Lancaster. Beautiful restored wood floors, open floor plan, perfect for entertainment! Kitchen features stainless steel appliances, Kitchen opens to living room and dining room decorated with ceiling light fixtures. The bedrooms have a great size with walking closets. Master bathroom include dual sink vanity.This house includes a game room and a Sunroom great for the family needs. Kitchen, bathrooms, HVAC system, and windows upgraded in 2018, tons of natural light in every room! Large back yard with covered patio. Storage Shed will convey with the property.

Investor Tools

Property Icon
$293,000
Estimated Property Value
$0Estimated Mortgage Balance
$66,100Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,758 /month
Positive
Cash Flow Estimate:
$586 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$534/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,944
$273,480
2025
$52,600
$220,880
$273,480
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,944
$273,480

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primary Residential Mortgage Inc
Fha
$248,471
Yes
First
Oct 15, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$226,900
$66,100
22%
77%
$1,490/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,490/mo
+$482/mo
8.1%

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.

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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: Lancaster

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120 W 4th Street | Property Details | No Agent List