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$233,000

NAL Estimated Property Value

1611 Frederick St, Lancaster, TX, 75134

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,527 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$157.17 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size20,666 sqft

Building Information

Year Built1963
Stories1
Roof Type105
Garage Spaces1

Land Information

APN60247500010060000
SubdivisionWill-Kee
Land UseResidential
Legal DescriptionWILL-KEE BLK A LT 6 INT200600260711 DD07012006 CO-DC 2475000100600 23624750001
Census Tract016708
Assessment Year2025

About this property

Wonderful Investment Opportunity! This charming 4-bedroom, 1.5-bathroom home is now available. Situated on nearly a half acre lot, this home is ready to make your own! Step outside to the backyard with a large covered patio, storage shed and plenty of room for activities. Located in a quiet neighborhood, this home provides a perfect balance of privacy and convenience, with easy access to highways, shopping, and dining. Don't miss out on this opportunity to call this home! Schedule your Showing today!...

Investor Tools

Property Icon
$233,000
Estimated Property Value
$204,007Estimated Mortgage Balance
$28,993Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$254/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,887
$232,780
2025
N/A
N/A
$232,780
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,887
$232,780

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Conventional
$212,300
No
First
Mar 5, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$204,007
$28,993
12%
88%
$1,273/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,273/mo
+$699/mo
10.2%

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: Lancaster

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1611 Frederick St | Property Details | No Agent List