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$754,754

2305 Lancaster Dr, Austin, TX, 78748

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,934 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.96 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Electric Cooktop, Dishwasher, Disposal, Electric Range
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size14,013 sqft

Building Information

Year Built1973
Stories1
Roof Type105
Garage Spaces2

Land Information

APN04262108090000
Lot Number9
SubdivisionCastlewood Forest Sec 7
Land UseResidential
Legal DescriptionLOT 9 BLK H CASTLEWOOD FOREST SEC 7
Census Tract031800
Assessed Land Value$280,515
Assessed Improvement Value$483,817
Assessment Year2025

About this property

Great location in South Austin! This home is located in the very desirable neighborhood Castlewood Forest. This one story home boasts 3 bedrooms/2 baths on a beautiful over sized lot with large mature trees throughout the area. This will be move in ready the first week of July. Pet friendly/ breed restrictions apply. Sprinkler Sys:Yes

Investor Tools

Property Icon
$754,754
Estimated Property Value
$427,500Estimated Mortgage Balance
$299,764Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,529 /month
Positive
Cash Flow Estimate:
$1,510 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,262/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,364
$754,754
2025
$280,515
$483,817
$764,332
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,364
$754,754

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Conventional
$427,500
No
First
Sep 10, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$456,794
$297,960
39%
61%
$3,044/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$3,044/mo
$-814/mo
3.5%

Learn About the Market: Opportunity in Austin

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Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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2305 Lancaster Dr | Property Details | No Agent List