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$337,000

NAL Estimated Property Value

3509 Ames Rd, Lancaster, TX, 75134

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,965 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$173.03 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Vented Exhaust Fan
FlooringVinyl

Exterior

Exterior FeaturesFire Pit, Rain Gutters
Lot Size27,979 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces2

Land Information

APN360315000027A0000
Lot Number27A
SubdivisionFranklin Farms Rep
Land UseResidential
Legal DescriptionFRANKLIN FARMS REP LOT 27A ACS 0.720 VOL98196/7696 DD100298 CO-DALLAS 0315000027A00 23603150000
Census Tract016708
Assessed Land Value$65,000
Assessed Improvement Value$257,040
Assessment Year2025

About this property

Welcome to 3509 Ames Road — a beautifully updated 3-bedroom, 2-bath home offering 1,965 square feet of flexible living space on an expansive 0.642-acre lot. Step inside to find fresh interior paint, new flooring in most of the home, and two spacious living areas perfect for both relaxing and entertaining. The kitchen shines with brand-new appliances, and a recently replaced roof adds peace of mind for years to come. Enjoy your mornings or evenings on the covered back porch, surrounded by mature trees and plenty of room to garden, play, or expand. Located in Lancaster with quick access to major highways, this home combines comfort, space, and convenience — a rare find at this price point!

Investor Tools

Property Icon
$337,000
Estimated Property Value
$310,540Estimated Mortgage Balance
$26,460Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,040 /month
Positive
Cash Flow Estimate:
$680 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$402/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,140
$322,040
2025
$65,000
$257,040
$322,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,140
$322,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Link
Fha
$314,204
Yes
First
Sep 12, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$310,540
$26,460
7%
92%
$1,884/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,884/mo
+$88/mo
7.0%

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: Lancaster

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3509 Ames Rd | Property Details | No Agent List