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$189,900

302 Rea Avenue, Lancaster, TX, 75146

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,110 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$171.08 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesStorage
Lot Size15,000 sqft

Building Information

Year Built1951
Stories1
Roof Type105

Land Information

APN36033500000330000
Lot Number33
SubdivisionGeneva Gardens
Land UseResidential
Legal DescriptionGENEVA GARDENS LOT 33 INT202100059247 DD02262021 CO-DC 0335000003300 4CN03350000
Census Tract016803
Assessed Land Value$50,000
Assessed Improvement Value$165,170
Assessment Year2025

About this property

Beautiful remodeled home located on a very large corner lot. Home features an open floor plan great for bringing your creative ideas. Home has tile in bathroom and wood flooring through out. Kitchen has Granite Countertops. The roof, windows, central heat and air have been replaced within the last 4 years. Bring your buyer's.

Investor Tools

Property Icon
$218,000
Estimated Property Value
$0Estimated Mortgage Balance
$64,321Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,308 /month
Positive
Cash Flow Estimate:
$436 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$474/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,595
$215,170
2025
$50,000
$165,170
$215,170
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,595
$215,170

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Embell Properties Llc
Purchase Money Mortgage
$170,910
No
First
Feb 25, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$153,679
$64,321
29%
70%
$1,025/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,025/mo
+$947/mo
10.9%

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: Lancaster

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302 Rea Avenue | Property Details | No Agent List