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$354,463

NAL Estimated Property Value

401 Choctaw Ln, Waxahachie, TX, 75165

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,872 Sq Ft
price_per_sqft$184.29 / sqft
Year BuiltBuilt in 2006

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, Electric Water Heater, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesAwning(s), Courtyard, Rain Gutters, Lighting, Private Yard, Storage
Lot Size13,329 sqft

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces2

Land Information

APN90.5066.912.001.00.112
Lot Number1
SubdivisionIndian Hills Ph Viii
Land UseResidential
Legal DescriptionLOT 1 BLK L INDIAN HILLS PH VIII .306 AC
Census Tract060217
Assessed Land Value$77,000
Assessed Improvement Value$277,463
Assessment Year2025

About this property

Welcome to this charming two-owner home nestled in the highly sought-after Indian Hills neighborhood. This property offers 3 spacious, split bedrooms, 2 full bathrooms, and a dedicated study-office. The kitchen is open to both the dining and living areas, with views of your stunning backyard making it ideal for entertaining. The backyard is a landscaped heaven! Step outside where you can enjoy your morning coffee under the outdoor covered patio, surrounded by a peaceful and tranquil setting. There is also another pergola with lighting perfect for grilling and hosting gatherings, plus a 12 x 16 outbuilding that is any handyman's dream! The beautiful wood-wrought iron fence opens to reveal a covered carport behind the outbuilding, which can be used for a car or a boat. Roof was replaced in 2020, New AC unit in 2022. Located on a corner lot providing extra parking opportunities and privacy! Stunning landscaping throughout! Come and view and make this well-maintained home yours today!

Investor Tools

Property Icon
$354,463
Estimated Property Value
$278,545Estimated Mortgage Balance
$75,918Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,127 /month
Positive
Cash Flow Estimate:
$709 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$559/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,939
$354,463
2025
$77,000
$277,463
$354,463
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,939
$354,463

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$288,000
No
First
Jul 23, 2024
Aug 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$278,545
$75,918
21%
79%
$1,727/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,727/mo
+$245/mo
6.7%

Learn About the Market: Opportunity in Texas

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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: Waxahachie

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