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$290,000

1244 Flower Ridge Drive, Lancaster, TX, 75134

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,818 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$159.52 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size7,500 sqft

Building Information

Year Built2004
Stories1
Roof Type105
Garage Spaces2

Land Information

APN360679000O0030000
SubdivisionMeadowview
Land UseResidential
Legal DescriptionMEADOWVIEW PH 3 BLK O LT 3 INT202300138070 DD07112023 CO-DC 0679000O00300 4CN0679000O
Census Tract016708
Assessment Year2025

About this property

Looking for a turn key opportunity? Here it is! Home has been well maintained by a professional property management company. Greeted by formal living and dining space. Opens to spacious family room with fireplace, kitchen is equipped with black appliances, plenty of counter-cabinet space and bar area. Master bathroom features double sink vanity, separate garden tub and shower area. Large fenced in backyard, great for entertaining family and friends. Current lease expires October 31, 2022, leased for $1,775.

Investor Tools

Property Icon
$284,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,740 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$654/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,426
$272,040
2025
N/A
N/A
$272,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,426
$272,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Morgan Stanley Mortgage Capital Holdings
Commercial
$452,610,000
No
First
Jul 11, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$429,173,618
N/A
0%
151117%
$2,713,626/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,713,626/mo
$-2,711,654/mo
8.3%

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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1244 Flower Ridge Drive | Property Details | No Agent List