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$278,000

20227 Benton Springs Ln, Richmond, TX, 77407

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,513 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$197.62 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Lot Size5,737 sqft

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces2

Land Information

APN4794-03-001-0290-901
Lot Number29
SubdivisionLakemont Terrace Sec 3
Land UseResidential
Legal DescriptionLAKEMONT TERRACE SEC 3, BLOCK 1, LOT 29
Census Tract672906
Assessed Land Value$42,874
Assessed Improvement Value$227,618
Assessment Year2025

About this property

Welcome home to this one story Ranch style 3 bedroom, 2 bath, 2 car garage home. Located in Lakemont Terrace, this home offer updated flooring, all appliances replaced ( 6 months ago) Freshly painted ( 2023) move in ready. Featuring an open concept with the family room/ kitchen and breakfast room. Bedrooms are on Larger size and primary offers an en-suite with walk in closet and plenty of space. Location is so important and this home is located close to shopping, restaurants and easy access to major highways for easy commuting to work. Pride of ownership shows in this home. Zoned to excellent schools, this one is a must see.

Investor Tools

Property Icon
$278,000
Estimated Property Value
$279,835Estimated Mortgage Balance
$13,106Estimated Equity
-1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$229/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,356
$270,492
2025
$42,874
$227,618
$270,492
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,356
$270,492

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Fha
$279,835
Yes
First
Jun 23, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$264,894
$13,106
4%
95%
$1,678/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,360/mo
$2,378/mo
$-18/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.

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: Richmond

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