Last 24 Hours
$139,000
NAL Estimated Property Value226 REA Street, Lancaster, TX, 75146
Off Market
Commercial
1 Beds
1 Bath
888 Sq Ft
$106.98 / sqft
Built in 1948Highlights
Interior
Bedrooms 1
Bathrooms Full 1
Heating Gas
CoolingAppliancesGas Range
FlooringVinyl, Wood
Exterior
Exterior FeaturesStorage
Lot Size7,500 sqft
Building Information
Year Built1948
Stories1
Roof Type105
Land Information
APN36042500000650000
Lot Number65
SubdivisionInterurban Heights
Land UseResidential
Legal DescriptionINTERURBAN HEIGHTS LOT 65 INT202100175358 DD06042021 CO-DC 0425000006500 4CN04250000
Census Tract016803
Assessed Land Value$50,000
Assessed Improvement Value$63,630
Assessment Year2025
About this property
Investment sold as is. Older frame units. House is 528 sq ft with $600 rent, Effiency is 380 square ft with $400 rent. In rentable condition. House floor is uneven, both could use some painting. Window units provide heat and air. 2 units in house, 1 in efficiency. Both stoves and refrigerators convey. Currently occuied by excellent tenants with expiration on contract 7.31.2021. Both baths have showers-no tub. Near Pleasant Run Elementary. Agent will accompamy all showings with agent making advance appointment. Big back yard. Storage building remains.
Investor Tools
$139,000
Estimated Property Value
$86,092Estimated Mortgage Balance
$52,908Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$834 /month
Positive
Cash Flow Estimate:
$278 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$266/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,494
$113,630
2025
$50,000
$63,630
$113,630
No
Tax History
Year
Tax Paid
Assessed Value
2024
$2,494
$113,630
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Agn Llc
Credit Line (Revolving) / Heloc
$95,000
No
First
Jun 4, 2021
Jun 2036
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$86,092
$52,908
38%
62%
$570/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,326/mo
$570/mo
+$756/mo
11.4%
12.4%