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B+
NoAgentList RatingHow are grades calculated?Info

$486,840

NAL Estimated Property Value

1305 Prairie Drive, Lewisville, TX, 75067

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,032 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$159.94 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Plumbed For Ice Maker, Water Softener
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting
Lot Size7,540 sqft

Building Information

Year Built1996
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR179844
Lot Number8
SubdivisionWater Oak Estates Ph 2
Land UseResidential
Legal DescriptionWATER OAK ESTATES PH 2 BLK H LOT 8
Census Tract021730
Assessed Land Value$89,715
Assessed Improvement Value$397,125
Assessment Year2025

About this property

Come see this highly energy efficient one story home with a pool! The entire interior of the home was recently painted along with all new carpet. The HVAC system was replaced in 2018 and comes with a NEST Thermostat. The windows were replaced with Low E windows. The floor plan will fit all of your needs with an office just off the entry way, 2 spacious guest bedrooms split from the master, an open floor plan in the kitchen and living area. The master bedroom is a great size. Best of all the backyard features a beautiful saltwater pool that was just resurfaced in 2017 and there is still plenty of green space. While this home is located in Lewisville it feeds into the highly sought after Flower Mound schools!

Investor Tools

Property Icon
$486,840
Estimated Property Value
$236,572Estimated Mortgage Balance
$250,268Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,921 /month
Positive
Cash Flow Estimate:
$974 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$877/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,087
$486,840
2025
$89,715
$397,125
$486,840
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,087
$486,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$272,500
No
First
Sep 6, 2019
Oct 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$236,572
$250,268
51%
49%
$1,634/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,634/mo
+$516/mo
5.3%

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.

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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: Lewisville

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1305 Prairie Drive | Property Details | No Agent List