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$3,000

1905 Shady Ln, Lucas, TX, 75002

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,035 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.47 / sqft
Year BuiltBuilt in 1984

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, Disposal, Electric Range
FlooringCarpet, Ceramic Tile, Other

Exterior

Lot Size26,964 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-6893-000-0380-1
Lot Number38
SubdivisionJohn S Thompson Survey
Land UseResidential
Legal DescriptionABS A0893 JOHN S THOMPSON SURVEY, TRACT 38, .619 ACRES
Census Tract031420
Assessed Land Value$68,090
Assessed Improvement Value$254,410
Assessment Year2025

About this property

For LEASE! This updated 3 bed, 2 bath home is in an ideal location! Escape the bustle of the city in this ranch style charmer. Situated on prime acreage, this home has country character with the convenience & proximity to town. The kitchen has ample counter & cabinet space and is open to a den that features a vaulted ceiling with a beam. Living room has a wood burning fireplace & views of the beautiful acreage. Primary has ensuite with dual sinks, jetted tub & separate shower. The covered front porch & covered back patio are great spaces to enjoy the serene & calming scenery. Horses welcome! Large carport to park your RV or boat. Lawn care is include is the lease. The tenant has access to the shop and the RV covered parking. Highland Park Trail Head & boat ramp are within 1 mile. Come enjoy the tranquility of country living with all that Lucas has to offer!

Investor Tools

$136,918Estimated Mortgage Balance
$520,769Estimated Equity
79% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,936 /month
Positive
Cash Flow Estimate:
$1,312 /month

Interested in this property?

Christine Mannewitz

Exemplary Real Estate LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$737/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,564
$322,500
2025
$68,090
$254,410
$322,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,564
$322,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Reverse Mortgage / Hecm
$213,000
No
First
Apr 19, 2011
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$136,918
$540,082
79%
21%
$1,278/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,570/mo
$1,278/mo
+$1,292/mo
4.7%

City: Lucas