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$327,000

NAL Estimated Property Value

1397 Mimosa Lane, Lewisville, TX, 75077

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,455 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.64 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave, Plumbed For Ice Maker, Electric Water Heater
FlooringCarpet, Ceramic Tile, Laminate, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size4,665 sqft

Building Information

Year Built1995
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR119752
Lot Number63
SubdivisionGarden Ridge Addn Ph I
Land UseResidential
Legal DescriptionGARDEN RIDGE ADDN PH I BLK B LOT 63
Census Tract021505
Assessed Land Value$66,131
Assessed Improvement Value$241,890
Assessment Year2025

About this property

Welcome home!! At entry you will fall in love with this beautiful open floor plan with vaulted ceilings, a warm brick fireplace, laminate wood flooring, & large windows bringing in natural light. Kitchen with breakfast bar, pantry, & stainless stove is open to living & dining. The master suite is down with a bath featuring: walk-in closet, his & her pedestal sinks, separate tub & shower, & decorative tile flooring. Upstairs you will find two large bedrooms with walk-in closets, a full bath, & a loft (great for a study desk or reading area). The backyard canopied with trees features a large patio, a grass space for play or gardening, & a storage shed. Half bath down for guest. Close to shopping, dining, & I-35E.

Investor Tools

Property Icon
$327,000
Estimated Property Value
$184,279Estimated Mortgage Balance
$142,721Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,962 /month
Positive
Cash Flow Estimate:
$654 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$481/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,142
$308,021
2025
$66,131
$241,890
$308,021
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,142
$308,021

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$207,000
No
First
Aug 11, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$184,279
$142,721
43%
56%
$1,242/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,460/mo
$1,242/mo
+$1,218/mo
9.0%

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.

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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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1397 Mimosa Lane | Property Details | No Agent List