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$470,890

NAL Estimated Property Value

2192 County Road 551, Farmersville, TX, 75442

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,314 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$151.25 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Ceramic Tile, Concrete

Exterior

Exterior FeaturesRain Gutters
Lot Size1.50 acres

Building Information

Year Built2007
Stories2
Garage Spaces4

Land Information

APNR-4607-000-0040-1
Lot Number4
SubdivisionLakeside Manor Phase Ii (Gcn)
Land UseResidential
Legal DescriptionLAKESIDE MANOR PHASE II (GCN), LOT 4
Census Tract031102
Assessed Land Value$150,000
Assessed Improvement Value$320,890
Assessment Year2025

About this property

A LITTLE BIT OF COUNTRY AND A LOT TO LOVE IN THIS CUSTOM HOME ON 1.5 ACRES. Located near Lake Lavon boat access and minutes from HWY 380, this one and half story home w 3 car garage features an open floor plan, great kitchen w granite counters and glass front cabinets. Backdoor leads to a huge screened in porch w built in grill for all seasons entertaining. The master suite has a light and bright bathrm including 2 walk in closets, linen closet, dual sinks, jetted tub, separate shower and beautiful tile. Two more bedrms are downstairs and share a full bath. Upstairs is a flex space perfect as a game rm, media, office or a 4th bedrm. Includes fully fenced back, 24 x 30 shop w electric, RV parking and gazebo.

Investor Tools

Property Icon
$470,890
Estimated Property Value
$400,216Estimated Mortgage Balance
$70,674Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,825 /month
Positive
Cash Flow Estimate:
$942 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$622/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,106
$470,890
2025
$150,000
$320,890
$470,890
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,106
$470,890

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Conventional
$334,550
No
First
Dec 4, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$400,216
$70,674
15%
85%
$2,630/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,630/mo
$-658/mo
5.0%

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: Farmersville

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2192 County Road 551 | Property Details | No Agent List