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$1,950

$2,100

3000 Lake Terrace Dr, Wylie, TX, 75098

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,410 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.38 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Simulated Wood

Exterior

Lot Size7,579 sqft

Building Information

Year Built2008
Stories1
Garage Spaces1

Land Information

APN4671-000E-0009-00-0R
Lot Number9
SubdivisionPheasant Creek Addn Ph 1
Land UseResidential
Legal DescriptionPHEASANT CREEK ADDN PH 1, BLOCK E, LOT 9
Census Tract040104
Assessed Land Value$130,000
Assessed Improvement Value$167,929
Assessment Year2025

About this property

Great place to call home! Large open living area, galley-type kitchen with range, dishwasher, and microwave. Split primary bedroom with ensuite bath, small dining area could be an office if needed. Granite countertops, stainless steel appliances and sink, wood look tile flooring in dining area, kitchen, and hallway, carpet in bedrooms. Nice-sized backyard with an 8-foot wood fence, patio, and storage shed with electricity and AC, plus a sprinkler system. Application fee is $55 per person 18 yrs & older, payable to Smartmove, pets on a case-by-case basis with a non-refundable pet deposit, depending on breed and size. The owner requires an income 3X the amount of the monthly lease. Please use all forms posted in MLS under the transaction desk and the TAR application form. No vouchers please.

Investor Tools

Property Icon
$297,929
Estimated Property Value
$230,625Estimated Mortgage Balance
$80,365Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,788 /month
Positive
Cash Flow Estimate:
$596 /month

Interested in this property?

Donna Nichols

Ebby Halliday, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$481/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,281
$297,929
2025
$130,000
$167,929
$297,929
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,281
$297,929

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Carey Legett Iii
Commercial
$230,625
No
First
Jun 30, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$218,312
$79,617
26%
73%
$1,383/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,383/mo
+$1,177/mo
10.3%

Learn About the Market: Opportunity in Texas

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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: Wylie

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3000 Lake Terrace Dr | Property Details | No Agent List