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$399,609

NAL Estimated Property Value

127 Prairie View Lane, Red Oak, TX, 75154

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,299 Sq Ft
price_per_sqft$265.59 / sqft
Year BuiltBuilt in 1982

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, Electric Range

Exterior

Private PoolPrivate Pool
Lot Size24,960 sqft

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.7500.002.013.00.111
Lot Number13
SubdivisionPrairie View
Land UseResidential
Legal DescriptionLOT 13 BLK 2 PRAIRIE VIEW .573 AC
Census Tract060207
Assessed Land Value$95,000
Assessed Improvement Value$304,609
Assessment Year2025

About this property

NO CITY TAXES! Charming 3-bedroom, 2-bath home situated on over half an acre outside city limits, offering the perfect blend of space, privacy, and functionality. The home features a comfortable layout with a welcoming living area and a functional kitchen, along with updated flooring and bathrooms that add a fresh, modern touch. A standout feature of this property is the impressive 30x70 commercial-grade shop, accessible by a separate driveway with an electric gate. The shop includes a 30x48 enclosed and insulated space equipped with water and 100-amp electric service, along with a 30x22 covered RV parking area—perfect for business use, hobbies, or additional storage. The backyard is designed for relaxation and entertaining, featuring a pool, mature shade trees, and established landscaping, creating a peaceful outdoor retreat. With plenty of room to spread out and versatile amenities, this property offers both convenience and flexibility while being just a short drive to nearby shopping, dining, and major roadways.

Investor Tools

Property Icon
$399,609
Estimated Property Value
$177,686Estimated Mortgage Balance
$221,923Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,398 /month
Positive
Cash Flow Estimate:
$799 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$533/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,404
$399,609
2025
$95,000
$304,609
$399,609
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,404
$399,609

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$200,000
No
First
Aug 4, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$177,686
$221,923
55%
44%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$1,200/mo
+$880/mo
6.2%

City: Red Oak

127 Prairie View Lane | Property Details | No Agent List