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$550,145

NAL Estimated Property Value

124 Bandera Cir, Payne Springs, TX, 75156

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,268 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$469.24 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
FlooringHardwood

Exterior

Exterior FeaturesDock

Building Information

Year Built1984
Roof Type105
Garage Spaces1

Land Information

APN2060-0000-0160-58
Lot Number16,17A
SubdivisionBandera Bay (35)
Land UseResidential
Legal DescriptionAB 59 J P BROWN SUR, BANDERA BAY SUBD, LTS 16 & 17A, C/135
Census Tract950905
Assessed Land Value$330,000
Assessed Improvement Value$220,145
Assessment Year2025

About this property

Situated on Cedar Creek lake with approximately 110’ of good open water. Well maintained ranch style lake house with open floor plan. Large master suite separate from the guest rooms. Great water views across the back of the house from the master bedroom, living room-kitchen areas and guest room. Large covered deck is great for relaxing and entertaining guests. Conveniently located near dining, shopping, and entertainment. Only an hour southeast of Dallas. Cedar Creek Lake is an excellent lake for fishing and recreation.

Investor Tools

Property Icon
$550,145
Estimated Property Value
$281,134Estimated Mortgage Balance
$269,011Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,570 /month
Positive
Cash Flow Estimate:
$1,190 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$561/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,985
$550,145
2025
$330,000
$220,145
$550,145
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,985
$550,145

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Roy Lynn Rea Etal
Conventional
$297,500
No
First
May 19, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,134
$269,011
48%
51%
$1,784/mo

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: Payne Springs

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124 Bandera Cir | Property Details | No Agent List