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$179,300

NAL Estimated Property Value

397 Lakeshore Dr, Cleveland, TX, 77327

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,344 Sq Ft
price_per_sqft$119.04 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Cooktop
FlooringVinyl

Exterior

Lot Size23,087 sqft

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR67896
Lot Number19,20
SubdivisionSix Lakes
Land UseResidential
Legal DescriptionSIX LAKES, BLOCK C, LOT 19 20, ACRES .53
Census Tract700600
Assessed Land Value$20,560
Assessed Improvement Value$158,740
Assessment Year2025

About this property

Home on the lake, with great fishing. Newly Renovated 2 bedroom has an extra space that could be used as 3rd bedroom. Large living space and open floor plan. This property has so much to offer in the quiet lakeside subdivision. Walk outside the back door to an oversized covered deck for your morning coffee, then off to catch the big one on your own private pier with cleaning station. Home is on half an acre with garage and shop that has 220 amp service, also included is another storage building that could be made into guest quarters. Shop on 2 lots across the street also available for boat parking or workshop.

Investor Tools

Property Icon
$179,300
Estimated Property Value
$110,560Estimated Mortgage Balance
$68,740Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,076 /month
Positive
Cash Flow Estimate:
$359 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$274/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,394
$179,300
2025
$20,560
$158,740
$179,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,394
$179,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerisave Mortgage Corp
Conventional
$122,000
No
First
Jun 1, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$110,560
$91,440
45%
62%
$732/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$732/mo
+$575/mo
8.7%

City: Cleveland

397 Lakeshore Dr | Property Details | No Agent List