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$300,380

1550 Reynolds St, Lancaster, TX, 75134

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,871 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$133.62 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListDeal ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Water Heater, None

Exterior

Lot Size9,000 sqft

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces2

Land Information

APN36087910080040000
Lot Number4
SubdivisionWellington Park North Ph 2a
Land UseResidential
Legal DescriptionWELLINGTON PARK NORTH PH 2A BLK 8 LT 4 INT202400222917 DD10312024 CO-DC 0879100800400 4CN08791008
Census Tract016707
Assessed Land Value$65,000
Assessed Improvement Value$235,380
Assessment Year2025

About this property

Rare opportunity to buy four berdrooms, two baths and two dining areas under market. This is an investor dream. Property needs flooring and paint throughout, which is reflected in the below market price. Very good bones for someone seeking a fixer upper. Home is being sold as is. Please call or text listing agent for all showings. 972.822.1040

Investor Tools

Property Icon
$300,380
Estimated Property Value
$270,000Estimated Mortgage Balance
$33,163Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,802 /month
Positive
Cash Flow Estimate:
$601 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$707/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,985
$300,380
2025
$65,000
$235,380
$300,380
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,985
$300,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texasbank
Conventional
$270,000
No
First
Oct 21, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$267,217
$33,163
11%
89%
$2,245/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,245/mo
+$327/mo
10.3%

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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1550 Reynolds St | Property Details | No Agent List