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$40,000

148 Lake Forest, Mabank, TX, 75156

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

About this property

Two nice lots totaling 0.369 acres that already have the electricity but you will need a light pole, water and septic tanks ready for you to put a new mobile home or build your dream house and the property is fenced. You are close to the lake here. There are 2 Parcel IDS for these lots...3030.0004.1390.30 and 3030.0004.1650.30..Legal descriptions are LOT: LT 165 AB 456 M J LOVE SUR HHH SEC D LT 165 8 91 and LOT:LT 139 AB 456 M J LOVE SUR HHH SEC D LT 139 8 91

Investor Tools

$0Estimated Mortgage Balance
$3,600Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

Interested in this property?

Nona Roberts

Keller Williams Rockwall

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$5/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$42
$3,600
2025
$7,500
N/A
$7,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$42
$3,600

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$3,600
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Mabank

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148 Lake Forest | Property Details | No Agent List