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$395,510

NAL Estimated Property Value

1977 Newport Drive, Lancaster, TX, 75146

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,203 Sq Ft
price_per_sqft$113.96 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Electric Water Heater
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Private PoolPrivate Pool

Building Information

Year Built2005
Stories2
Roof Type105
Garage Spaces2

Land Information

APN870013000F0430000
SubdivisionBear Creek Ranch
Land UseResidential
Legal DescriptionBEAR CREEK RANCH PH 1 BLK F LT 43 INT202100267242 DD09032021 CO-DC 0013000F04300 4NT0013000F
Census Tract016802
Assessment Year2025

About this property

Buyer unable to obtain financing. INCREDIBLE recently remodel DREAM home. Why wait months for new construction and be at the mercy of the builder and increasing lumber costs!! Finished with UPGRADED lighting, fixtures, and QUARTZ counters NO builder is installing at this price. New appliances; Modern paint colors, new ceiling fans, mirrors, FRAMELESS shower door, custom tile designs. Extended Master closest shelving. Solar screens to keep the summers cool and the privacy within. Catch your favorite movie in the MEDIAROOM prewired for your projector. Tackle a game of billiards in the GAMEROOM. Working from home? No problem, ZOOM into the meeting from your home office. RELAX and unwind in the garden tub.

Investor Tools

Property Icon
$395,510
Estimated Property Value
$299,763Estimated Mortgage Balance
$95,747Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,373 /month
Positive
Cash Flow Estimate:
$791 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$910/month
$265/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,944
$395,510
2025
N/A
N/A
$395,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,944
$395,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wallick & Volk Inc
Fha
$313,222
Yes
First
Sep 3, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$299,763
$95,747
24%
76%
$1,972/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,237/mo
+$335/mo
7.8%

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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