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$201,750

NAL Estimated Property Value

502 W 5th Street, Lancaster, TX, 75146

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,110 Sq Ft
price_per_sqft$116.04 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Refrigerator
FlooringLaminate

Exterior

Exterior FeaturesStorage
Lot Size18,750 sqft

Building Information

Year Built1950
Stories1
Roof Type105
Garage Spaces2

Land Information

APN36090500030180000
Lot Number18
SubdivisionWestridge Annex
Land UseResidential
Legal DescriptionWESTRIDGE ANNEX BLK C LOT 18 INT202100098766 DD04052021 CO-DC 0905000301800 4CN09050003
Census Tract016803
Assessed Land Value$50,000
Assessed Improvement Value$151,750
Assessment Year2025

About this property

Come by to see this 2 bed 2 bath that has been updated with new tile and laminate flooring, paint inside and out, updated bathrooms, also in the back you will find a great concrete patio area covered by shade trees, a metal workshop, and an additional storage building. This home is on an oversized lot, so plenty of room. **Multiple Offers received** Highest and best by 8pm Sunday

Investor Tools

Property Icon
$201,750
Estimated Property Value
$107,893Estimated Mortgage Balance
$93,857Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,211 /month
Positive
Cash Flow Estimate:
$404 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$481/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,766
$201,750
2025
$50,000
$151,750
$201,750
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,766
$201,750

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prospect Bank
Conventional
$119,520
No
First
Apr 5, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$107,893
$93,857
46%
53%
$717/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$717/mo
+$848/mo
9.3%

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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502 W 5th Street | Property Details | No Agent List