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$272,000

NAL Estimated Property Value

408 N Dallas Ave, Lancaster, TX, 75146

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,280 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$43.86 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Microwave
FlooringCarpet, Vinyl, Wood

Exterior

Lot Size8,581 sqft

Building Information

Year Built1949
Stories1
Roof Type105
Garage Spaces4

Land Information

APN36000500340060000
Lot Number6
SubdivisionOrig Town Lancaster
Land UseResidential
Legal DescriptionORIG TOWN LANCASTER BLK 34 LT 6 ACS 0.197 INT201900126319 DD05162019 CO-DC 0005003400600 4CN00050034
Census Tract016803
Assessed Land Value$49,340
Assessed Improvement Value$215,660
Assessment Year2025

About this property

3 bedroom, 2 bath custom home located in the original town area of Lancaster's historic district. Home features lots of built-ins, 2 living areas with a wet bar, wonderful covered porch and patio, fenced yard and room for RV parking!

Investor Tools

Property Icon
$272,000
Estimated Property Value
$154,434Estimated Mortgage Balance
$117,566Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,632 /month
Positive
Cash Flow Estimate:
$544 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$386/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,271
$265,000
2025
$49,340
$215,660
$265,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,271
$265,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$179,450
No
First
May 16, 2019
Jun 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$154,434
$117,566
43%
57%
$1,076/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,076/mo
+$896/mo
8.7%

City: Lancaster