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$370,412

NAL Estimated Property Value

3006 Lake Terrace Drive, Wylie, TX, 75098

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,954 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$126.41 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal, Gas Range
FlooringCarpet

Exterior

Lot Size7,579 sqft

Building Information

Year Built2010
Stories1
Garage Spaces1

Land Information

APN4671-000E-0006-00-0R
Lot Number6
SubdivisionPheasant Creek Addn Ph 1
Land UseResidential
Legal DescriptionPHEASANT CREEK ADDN PH 1, BLOCK E, LOT 6
Census Tract040104
Assessed Land Value$130,000
Assessed Improvement Value$240,412
Assessment Year2025

About this property

Move in ready home! Located close to Lake Lavon, this home features 3 bedrooms; large master bedroom is split from secondary rooms. Oversized flex space currently being used as a formal dining room. Private office with a custom barn door-office could be used as a 4th bedroom. Kitchen is open to the living room and breakfast nook. Enjoy the outdoors with the covered patio and spacious backyard. Painted with natural colors throughout.

Investor Tools

Property Icon
$370,412
Estimated Property Value
$211,009Estimated Mortgage Balance
$159,403Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,222 /month
Positive
Cash Flow Estimate:
$741 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$453/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,581
$370,412
2025
$130,000
$240,412
$370,412
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,581
$370,412

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$235,600
No
First
Dec 3, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$211,009
$159,403
43%
57%
$1,413/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,713/mo
+$847/mo
8.3%

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.

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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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3006 Lake Terrace Drive | Property Details | No Agent List