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B+
NoAgentList RatingHow are grades calculated? Info
Days614Days on Market
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$215,000

421 W 8th St, Lancaster, TX, 75146

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,232 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$174.51 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Gas Cooktop

Exterior

Lot Size8,500 sqft

Building Information

Year Built1945
Stories1
Roof Type105
Garage Spaces2

Land Information

APN36071500020100400
Lot Number10
SubdivisionPecan Heights
Land UseResidential
Legal DescriptionPECAN HEIGHTS BLK 2 PT LT 10 INT201600045198 DD02162016 CO-DC 0715000201004 4CN07150002
Census Tract016803
Assessed Land Value$50,000
Assessed Improvement Value$169,240
Assessment Year2025

About this property

Remodeled 3-bedroom, 2-bath home on an oversized corner lot in the desirable Pecan Heights subdivision. Enjoy modern updates throughout, a spacious layout, and a large yard perfect for entertaining. Located near Lancaster’s historic downtown square with charming restaurants and shops. Quiet neighborhood with friendly neighbors. This home is eligible for 100% financing with our approved lender. Agent Owned Property. Buyer to verify schools and measurements. Hvac mini-splits will be installed upstairs prior to closing.

Investor Tools

Property Icon
$219,240
Estimated Property Value
$182,000Estimated Mortgage Balance
$40,717Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,315 /month
Positive
Cash Flow Estimate:
$438 /month

Interested in this property?

Rod Hanks

Monument Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$551/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,514
$219,240
2025
$50,000
$169,240
$219,240
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,514
$219,240

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Darrin W Stanton
Commercial
$182,000
No
First
May 27, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$357,590
N/A
0%
163%
$2,184/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$2,184/mo
$-619/mo
8.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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421 W 8th St | Property Details | No Agent List