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$577,000

240 Lexington Dr, Austin, TX, 78737

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,420 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.52 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOven, Dishwasher, Disposal, Microwave
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone

Building Information

Year Built2005
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR109209
Lot Number25
SubdivisionBelterra Phase Ii Sec 3b
Land UseResidential
Legal DescriptionBELTERRA PHASE II SEC 3B, BLOCK A, LOT 25 TAX CODES:HU1,RSP,SDS
Census Tract010816
Assessed Land Value$185,850
Assessed Improvement Value$357,030
Assessment Year2025

About this property

Immaculate One Story Home in Belterra that backs to the greenbelt. Home features 5 bedrooms/ 2 full baths* Interior/Exterior Painted May/2018* Great Hardwoods* Nice Open Kitchen with breakfast bar* Spacious Bright Dining Room* Living Room with Gas Fireplace(Logs)* Private Master Suite off the back of the house* Awesome backyard backing to the greenbelt * Covered Back Porch* Tons of Storage/Space in the Garage* Home well taken care of and great curb appeal.FEMA - Unknown Restrictions: Yes Sprinkler Sys:Yes

Investor Tools

Property Icon
$577,000
Estimated Property Value
$325,000Estimated Mortgage Balance
$285,923Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,462 /month
Positive
Cash Flow Estimate:
$1,154 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,113/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,472
$542,880
2025
$185,850
$357,030
$542,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,472
$542,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Finance Of America Mortgage Llc
Conventional
$325,000
No
First
Dec 31, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$291,656
$275,344
48%
51%
$1,949/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,490/mo
$2,449/mo
+$1,041/mo
7.3%

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.

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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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240 Lexington Dr | Property Details | No Agent List