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$203,000

NAL Estimated Property Value

231 Rea Avenue, Lancaster, TX, 75146

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,004 Sq Ft
price_per_sqft$169.22 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesGas Range, Vented Exhaust Fan, Washer
FlooringLaminate, Other

Exterior

Lot Size7,000 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces1

Land Information

APN36042500000690000
Lot Number69
SubdivisionInterurban Heights
Land UseResidential
Legal DescriptionINTERURBAN HEIGHTS LOT 69 INT202100301295 DD10052021 CO-DC 0425000006900 4CN04250000
Census Tract016803
Assessed Land Value$50,000
Assessed Improvement Value$150,350
Assessment Year2025

About this property

Very well maintain 3 bedroom 1 bath with a large backyard. Most of the updates done in 2013-2014 including central air condition and heating, roof, cement siding with insulation in the walls and plywood for reinforcement, all windows replaced. Bathroom updated in 2014, gas plumbing changed 2009. Some of the recent updates include new waterproof flooring installed Sep 1 2021 in living area, kitchen and hallway. Also new ceiling fan in living area, and new vent hood in kitchen. Extended drive way n the side provides for plenty of extra parking space. Hurry this home won't last long!!! MULTIPLE OFFERS RECCEIVED BEST AND FINAL BY FRIDAY AT 5 PM

Investor Tools

Property Icon
$203,000
Estimated Property Value
$156,016Estimated Mortgage Balance
$46,984Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,218 /month
Positive
Cash Flow Estimate:
$406 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$323/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,857
$200,350
2025
$50,000
$150,350
$200,350
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,857
$200,350

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$170,848
Yes
First
Oct 5, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$156,016
$46,984
23%
77%
$1,025/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,025/mo
+$947/mo
11.7%

City: Lancaster

231 Rea Avenue | Property Details | No Agent List