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$55,000

2 Lucy Ln, Wylie, TX, 75098

$62,565 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,216 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$45.23 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Gas Cooktop

Exterior

Exterior FeaturesStorage

Building Information

Year Built1994
Stories1

Land Information

APNM-5030-000-002B-1
SubdivisionSouthfork Mhp
Land UseResidential
Legal DescriptionSOUTHFORK MHP, SPACE 2; SHERATON; SN1: 12319021, HUD1: TEX0495794 SHERATON
Census Tract031331
Assessed Improvement Value$29,265
Assessment Year2025

About this property

Welcome home to this well-maintained 3-bedroom, 2-bath single-wide mobile home in the desirable Southfork community, served by Wylie ISD. The home features durable LVP flooring, a gas range, updated bathrooms, a covered front porch, a two-car covered carport, and a convenient storage shed. Southfork residents enjoy access to a community swimming pool, clubhouse, scenic ponds, and other neighborhood amenities. The monthly community fee includes the lot lease, hoa amenities, water, and trash service. Purchase of the home requires cash or personal financing or a chattel loan; traditional mortgage financing is not available. All buyers must be approved for residency by Southfork. Investors may purchase the home but must first qualify individually through the community management and may then sublease it to a tenant who is also approved by the community. Buyer and buyer’s agent should verify all community requirements, fees, financing options, and subleasing restrictions.

Investor Tools

$0Estimated Mortgage Balance
$69,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$62,565
Rent-to-Value Ratio: 0.72%
Rent Estimate
$414 /month
Positive
Cash Flow Estimate:
$138 /month

Interested in this property?

Amanda Phipps

One Source Real Estate, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$76/month
$935/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$570
$29,265
2025
N/A
$29,265
$29,265
No

Tax History

Year
Tax Paid
Assessed Value
2025
$570
$29,265

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$69,000
100%
0%
$0/mo

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: Wylie

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2 Lucy Ln | Property Details | No Agent List