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$190,000

1338 Meadow Creek Dr, Lancaster, TX, 75146

$247,000 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,746 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$108.82 / sqft
Year BuiltBuilt in 1994

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
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Other

Exterior

Lot Size7,888 sqft

Building Information

Year Built1994
Stories1
Roof Type105
Garage Spaces2

Land Information

APN36067700020070000
Lot Number7
SubdivisionMeadow Creek
Land UseResidential
Legal DescriptionMEADOW CREEK ESTATES 4TH INST BLK 2 LOT 7 VOL2002094/5393 DD05062002 CO-DC 0677000200700 23606770002
Census Tract016806
Assessed Land Value$50,000
Assessed Improvement Value$222,960
Assessment Year2025

About this property

Investor opportunity or affordable path to homeownership in Lancaster! Priced at $190,000, this 3-bedroom, 2-bath, two-story home offers plenty of potential for a buyer ready to add their own updates and personal touches. With NO HOA, buyers have added flexibility without monthly HOA dues. Conveniently located approximately 25 minutes from Dallas**, the property may be a great option for an owner-occupant looking to build equity through improvements or an investor seeking their next rental or renovation opportunity. Property is being offered in its current condition. Schedule your showing to see the possibilities.

Investor Tools

$41,519Estimated Mortgage Balance
$235,481Estimated Equity
85% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$247,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,662 /month
Positive
Cash Flow Estimate:
$554 /month

Interested in this property?

John Williams

Elevation Realty Group Inc

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$364/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,985
$272,960
2025
$50,000
$222,960
$272,960
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,985
$272,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Investment Lending Associates I
N/A
$86,700
N/A
First
May 6, 2002
Jun 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$41,519
$235,481
85%
15%
$810/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$810/mo
+$1,162/mo
8.5%

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: Lancaster

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1338 Meadow Creek Dr | Property Details | No Agent List