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$60,000

235 Rea Avenue, Lancaster, TX, 75146

$78,000 ARVInfo
Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,000 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$60 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Off-Market ListDeal ListARV FlipAbsentee OwnerHigh EquityCash BuyersVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOther
FlooringOther

Exterior

Lot Size13,300 sqft

Building Information

Year Built1947
Stories1
Roof Type105
Garage Spaces1

Land Information

APN36042500000680000
Lot Number68
SubdivisionInterurban Heights
Land UseResidential
Legal DescriptionINTERURBAN HEIGHTS LOT 68 INT201900081867 DD03282019 CO-DC 0425000006800 4CN04250000
Census Tract016803
Assessed Land Value$50,000
Assessed Improvement Value$191,430
Assessment Year2025

About this property

INVESTOR'S SPECIAL! Tear down and rebuild on a little over a third of an acre! Huge corner lot! Minutes to I20, I35, Cedar Valley College, parks and Country View Golf Course.

Investor Tools

Property Icon
$241,430
Estimated Property Value
$0Estimated Mortgage Balance
$241,430Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$78,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,449 /month
Positive
Cash Flow Estimate:
$483 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$430/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,956
$241,430
2025
$50,000
$191,430
$241,430
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,956
$241,430

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$241,430
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
9.8%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Lancaster

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235 Rea Avenue | Property Details | No Agent List