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$400,000

306 Twin Lakes Dr, Waxahachie, TX, 75165

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,830 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$218.58 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringCeramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size1.05 acres

Building Information

Year Built1999
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.8860.000.078.00.105
Lot Number78
SubdivisionTwin Lakes Est
Land UseResidential
Legal DescriptionLOT 78 TWIN LAKES EST 1.05 AC
Census Tract060219
Assessed Land Value$125,000
Assessed Improvement Value$281,000
Assessment Year2025

About this property

*Multiple Offers Received* A VERY UNIQUE Home in HIGHLY DESIRABLE Neighborhood with a POOL to beat this TEXAS HEAT! Situated on an acre of land, NO CITY TAXES with 3 bedrooms and a separate space with utility hookups to add a tiny home, mother-in-law suite, or build a shop! This property seems like a dream for anyone who loves to work on projects, entertain guests, and enjoy various indoor and outdoor activities. The combination of an open concept floor plan, large bedrooms, spacious living room, eat-in kitchen and lots of storage makes it a versatile and exciting place to live. Updates include, recent kitchen remodel, energy efficient spray foam insulation in attic, and mini split AC for the garage. Situated in a rural or suburban area, provides a peaceful and tranquil setting away from the hustle and bustle of city life. The property's large land area gives you plenty of space for various outdoor activities, gardening, or even the possibility of expanding the property in the future.

Investor Tools

Property Icon
$409,000
Estimated Property Value
$373,056Estimated Mortgage Balance
$43,073Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,454 /month
Positive
Cash Flow Estimate:
$818 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$436/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,184
$406,000
2025
$125,000
$281,000
$406,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,184
$406,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Fha
$373,056
Yes
First
Apr 3, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$365,927
$43,073
10%
89%
$2,237/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,237/mo
$-265/mo
5.8%

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: Waxahachie

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306 Twin Lakes Dr | Property Details | No Agent List