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$259,900

4054 Passage Way, Lancaster, TX, 75146

$265,542 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,124 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$122.36 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListDeal ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size7,182 sqft

Building Information

Year Built2016
Stories1
Roof Type105
Garage Spaces2

Land Information

APN870013000G0040000
Lot Number4
SubdivisionBear Creek Ranch
Land UseResidential
Legal DescriptionBEAR CREEK RANCH PH 2 BLK G LT 4 INT202100123452 DD04222021 CO-DC 0013000G00400 4NT0013000G
Census Tract016802
Assessed Land Value$60,000
Assessed Improvement Value$276,970
Assessment Year2025

About this property

Newly remodeled home that is clean and move in ready in this sweet, family friendly Lancaster neighborhood! This 4 bedroom, 2 bathroom, 2,124 sqft home has been updated with some incredible features including a full interior 3 tone paint scheme, new carpet in all the bedrooms, new stainless steel appliances, new luxury fixtures, and much more! With plenty of curb appeal and a backyard waiting for your vision, you'll love the ample natural light in the main living area of this home. Not eligible for FHA loans until April 23, 2021.

Investor Tools

Property Icon
$336,970
Estimated Property Value
$254,000Estimated Mortgage Balance
$107,680Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$265,542
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,022 /month
Positive
Cash Flow Estimate:
$674 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$760/month
$395/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,439
$336,970
2025
$60,000
$276,970
$336,970
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,439
$336,970

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Simmons Bank
Conventional
$254,000
No
First
Apr 21, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$229,290
$107,680
31%
68%
$1,523/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,918/mo
+$654/mo
9.2%

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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4054 Passage Way | Property Details | No Agent List