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$422,000

141 Lakeland Dr, Highland Village, TX, 75077

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,698 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$158.42 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Microwave, Electric Range, Electric Oven
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size13,800 sqft

Building Information

Year Built1961
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR05182
Lot Number10
SubdivisionLakewood Estates
Land UseResidential
Legal DescriptionLAKEWOOD ESTATES BLK 6 LOT 10
Census Tract021513
Assessed Land Value$124,200
Assessed Improvement Value$190,800
Assessment Year2025

About this property

WOW! DON'T MISS YOUR OPPORTUNITY TO OWN THIS CHARMING 3 BEDROOM, 3 BATHROOM HOME IN HIGHLAND VILLAGE WITH A BONUS 10'X11' WORKSHOP AREA NEXT TO THE GARAGE. THIS HOME IS SITUATED IN AN AREA WITH GREAT SCHOOLS, EASY COMMUTE ROUTES AND AN ABUNDANCE OF PARKS, WALKING TRAILS AND EASY ACCESS TO LAKE LEWISVILLE WITH BOATING, FISHING AND PICNIC AREAS. 3 YEAR OLD ROOF, NEW FLOORING, PAINT, 2 HOT WATER HEATERS, NEW AC AND 2 ELECTRIC PANELS. THIS HOME ALSO HAS A NEWLY DECKED AREA AND IS PRE-WIRED W/ 50AMP/220V OUTLET ON THE PRIVATE BACK PATIO AREA FOR YOUR HOT TUB... CALL RIGHT AWAY TO SCHEDULE YOUR PRIVATE SHOWING!

Investor Tools

Property Icon
$422,000
Estimated Property Value
$244,341Estimated Mortgage Balance
$200,571Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,532 /month
Positive
Cash Flow Estimate:
$844 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$607/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,174
$315,000
2025
$124,200
$190,800
$315,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,174
$315,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mutual Of Omaha Mortgage Inc
Fha
$244,341
Yes
First
Jun 7, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$221,429
$216,571
49%
52%
$1,465/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,460/mo
$1,465/mo
+$995/mo
7.0%

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: Highland Village

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141 Lakeland Dr | Property Details | No Agent List