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$370,000

NAL Estimated Property Value

123 Lemley Dr, Heath, TX, 75032

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,244 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$261.25 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringCeramic Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size10,019 sqft

Building Information

Year Built2017
Stories1
Roof Type105
Garage Spaces2

Land Information

APN3210-0002-0006-00-0R
Lot Number6
SubdivisionCandlelite Park #2
Land UseResidential
Legal DescriptionCANDLELITE PARK #2, LOT 6
Census Tract040511
Assessed Land Value$162,400
Assessed Improvement Value$174,088
Assessment Year2025

About this property

Tucked just around the corner from Terry Park and the boat ramp on the beautiful shores of Lake Ray Hubbard, this UPGRADED single-story home is the perfect blend of comfort, convenience, and lifestyle. With warmer weather here, you’ll love being so close to the newly renovated park, which features two concrete boat ramps with courtesy docks, playground, fishing areas, pavilion, trails, and more. Inside, the home has been tastefully updated with wood-look tile flooring throughout, an inviting living room with a cozy brick fireplace and stylish shiplap wall, and a modern kitchen with shaker-style cabinets with lighting, granite countertops, tile backsplash, and stainless steel appliances. Both bathrooms have been beautifully updated with new vanities, granite countertops, tiled showers, and updated commodes. All bedrooms are generously sized, and the home is vacant, clean, and move-in ready! Step out back and enjoy your private retreat under the expansive 15x25 covered patio—perfect for entertaining—plus a large grassy yard for play. Need extra space? You’ll LOVE the 12x20 detached studio-workshop, fully finished with a wall AC unit and plenty of outlets—ideal for a home office, gym, or hobby room. And don’t forget the extended driveway with RV or boat parking—just minutes from the water!

Investor Tools

Property Icon
$370,000
Estimated Property Value
$233,955Estimated Mortgage Balance
$136,045Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,220 /month
Positive
Cash Flow Estimate:
$740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$588/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,208
$336,488
2025
$162,400
$174,088
$336,488
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,208
$336,488

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Arc Home Llc
Conventional
$248,000
No
First
Apr 18, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$233,955
$136,045
36%
63%
$1,487/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,487/mo
+$823/mo
7.5%

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: Heath

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