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$285,240

NAL Estimated Property Value

1465 Marsalis Road, Lancaster, TX, 75134

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,390 Sq Ft
price_per_sqft$104.32 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Plumbed For Ice Maker, Refrigerator
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Storage, Garden
Lot Size29,976 sqft

Building Information

Year Built1956
Stories1
Roof Type105
Garage Spaces6

Land Information

APN36002500030340000
Lot Number34
SubdivisionBeckley City Lots
Land UseResidential
Legal DescriptionBECKLEY CITY LOTS BLK C LT 34 INT201900275193 DD10092019 CO-DC 0025000303400 4CN00250003
Census Tract016709
Assessed Land Value$119,000
Assessed Improvement Value$166,240
Assessment Year2025

About this property

This well maintained home sits on over a half an acre with a beautiful plush lawn and nice landscape. It features 2 living areas, 2 bedrooms, 2 full baths, + bonus room that could be used as game room or third bedroom, sprinkler system, privacy fence, and detached garage or workshop with electric. Renovations made in 2016 to majority of the home. Some updates include bathroom remodel, new flooring, new light features, new ceiling fans, granite counter tops, double pane windows in the front of home, radiant barrier and extra blown in installation in attic to name a few. AC less than 2, roof less than 4. Easy access to I-35, close to entertainment, restaurants, and shopping. Don't let this one get away!

Investor Tools

Property Icon
$285,240
Estimated Property Value
$130,276Estimated Mortgage Balance
$154,964Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,711 /month
Positive
Cash Flow Estimate:
$570 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$362/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,916
$285,240
2025
$119,000
$166,240
$285,240
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,916
$285,240

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jmac Lending Inc
Fha
$149,737
Yes
First
Oct 9, 2019
Nov 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$130,276
$154,964
54%
46%
$898/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$898/mo
+$1,074/mo
8.3%

City: Lancaster

1465 Marsalis Road | Property Details | No Agent List