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$325,000

121 Prairie View Ln, Red Oak, TX, 75154

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,256 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$258.76 / sqft
Year BuiltBuilt in 1982

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, Electric Range
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size24,960 sqft

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces4

Land Information

APN00.7500.002.010.00.111
SubdivisionPrairie View
Land UseResidential
Legal Description10 2 PRAIRIE VIEW 0.573 ACRES
Census Tract060207
Assessed Land Value$95,000
Assessed Improvement Value$212,816
Assessment Year2025

About this property

This pretty, well maintained home has 3 bedrooms and 2 baths with a 2 car garage plus carport. This spacious living room boasts a stone fireplace. From there you can visit from the eat in kitchen. There is a nice view of the outdoors from there. The kitchen has newer stainless steel appliances and stainless steel sink. The primary bedroom has an en-suite bath and a walk in closet. There are two secondary bedrooms with a full bath in the hallway. This home has new windows for better energy efficiency. You will love the large covered back patio and the big backyard with mature trees. There is also a little shed-shop with electricity for hobbies or to keep the lawn and garden tools. There is good size carport for additional parking. In addition there is another covered area to put a small boat or your riding lawnmower. You'll enjoy the space of being on a little over half an acre and this home is in the county so the taxes are lower. Close to the grocery stores and shops. Come check it out today!

Investor Tools

Property Icon
$309,000
Estimated Property Value
$319,113Estimated Mortgage Balance
$0Estimated Equity
-3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$180/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$620
$245,060
2025
$95,000
$212,816
$307,816
No

Tax History

Year
Tax Paid
Assessed Value
2024
$620
$245,060

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$319,113
Yes
First
Apr 29, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$325,537
N/A
0%
105%
$1,991/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$1,991/mo
+$89/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.

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: Red Oak

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121 Prairie View Ln | Property Details | No Agent List