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$349,800

1950 Kiowa Lance, Crowley, TX, 76036

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,040 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$171.47 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Electric Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Concrete

Exterior

Exterior FeaturesRV Hookup, Storage
Lot Size1.90 acres

Building Information

Year Built1965
Stories1
Garage Spaces2

Land Information

APNA 506-5A20
SubdivisionFernandez, Antonio Survey
Land UseResidential
Legal DescriptionFERNANDEZ, ANTONIO SURVEY ABSTRACT 506 TRACT 5A20
Census Tract111018
Assessed Land Value$85,500
Assessed Improvement Value$392,199
Assessment Year2025

About this property

Outside city limits with the capability to have 2 homes on one property!! This unique home offers space, versatility, and privacy—situated on a generous 1.9-acre lot! Mobile home on property has no value. Featuring five rooms, with two additional flex rooms that can serve as bedrooms, a home office, game room, or playroom—there’s room for everyone and every need. The recently completed addition at the back of the home includes a spacious room with an updated bathroom, perfect as a luxurious primary suite or a large entertainment area, mud room, and separate utility room with plenty of room for a freezer! The open-concept living and dining area provides a comfortable space for everyday living and hosting. Outside, the property features multiple outbuildings, including: Several buildings or workshops with electricity. The other smaller buildings could be fixed up and used as a child's play house! A mobile home (currently has water and electricity would need to be reconnected) — no value assigned, A former horse stall with an attached tack room or could be used as a feed room. A private well—no water bill! Newer roof shingles installed in November 2024! Enjoy the peace and freedom of country living while still being conveniently close to town. With so much potential, this property is ready to be transformed into your dream homestead! The property is listed below the recent appraisal value!

Investor Tools

Property Icon
$477,699
Estimated Property Value
$80,000Estimated Mortgage Balance
$398,122Estimated Equity
83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,866 /month
Positive
Cash Flow Estimate:
$955 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$429/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,755
$477,699
2025
$85,500
$392,199
$477,699
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,755
$477,699

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Funding
Fha
$73,415
Yes
First
Dec 30, 1996
Jan 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$157,786
$319,913
66%
33%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,210/mo
N/A
+$2,210/mo
5.6%

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: Crowley

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