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$299,900

1245 Spring Water Dr, Lancaster, TX, 75134

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,861 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.15 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee 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, Microwave
FlooringVinyl

Exterior

Lot Size7,500 sqft

Building Information

Year Built2004
Stories1
Roof Type105
Garage Spaces2

Land Information

APN360679000G0180000
Lot Number18
SubdivisionMeadowview
Land UseResidential
Legal DescriptionMEADOWVIEW PH 3 BLK G LT 18 VOL2005131/6537 DD06162005 CO-DC 0679000G01800 4CN0679000G
Census Tract016708
Assessed Land Value$65,000
Assessed Improvement Value$211,030
Assessment Year2025

About this property

New Roof, New texture and paint, new doors and trim. New Luxury Vinyl plank flooring throughout, no carpet anywhere. Remodeled kitchen and bathrooms with quartz countertops. new black matte faucets and knobs. come see luxury in the city.

Investor Tools

Property Icon
$276,030
Estimated Property Value
$113,361Estimated Mortgage Balance
$131,184Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,799 /month
Positive
Cash Flow Estimate:
$600 /month

Interested in this property?

Saul Sanchez

WILLIAM DAVIS REALTY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$479/month
$135/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,362
$276,030
2025
$65,000
$211,030
$276,030
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,362
$276,030

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$113,361
Yes
First
Jul 21, 2012
Aug 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$144,846
$131,184
47%
52%
$1,136/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,271/mo
+$701/mo
8.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Lancaster

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1245 Spring Water Dr | Property Details | No Agent List