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$299,000

132 Lassetter Dr, Red Oak, TX, 75154

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,563 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$191.3 / sqft
Year BuiltBuilt in 1987

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
FlooringCarpet

Exterior

Exterior FeaturesRain Gutters
Lot Size24,916 sqft

Building Information

Year Built1987
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.7882.002.016.00.111
SubdivisionRidge Crest Ests #2
Land UseResidential
Legal Description16 2 RIDGE CREST ESTS #2 0.572 ACRES
Census Tract060207
Assessed Land Value$95,000
Assessed Improvement Value$241,778
Assessment Year2025

About this property

Great family home on over half acre, outside the city limits. 3 bed, 2 and half baths and 2 car garage. Home has two living areas and a screened in backporch. Great neighborhood that has a bit of country in it. Home just needs a family to give it some love and detail like you want it. Big fenced backyard for the kids or fur babies. Seller does not have a survey.

Investor Tools

Property Icon
$336,778
Estimated Property Value
$127,188Estimated Mortgage Balance
$213,765Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,021 /month
Positive
Cash Flow Estimate:
$674 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$437/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,561
$336,778
2025
$95,000
$241,778
$336,778
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,561
$336,778

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerihome Mortgage Company Llc
Fha
$127,188
Yes
First
Jul 15, 2024
Aug 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$123,013
$213,765
63%
37%
$763/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$763/mo
+$1,317/mo
7.4%

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.

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: Red Oak

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132 Lassetter Dr | Property Details | No Agent List