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$303,410

505 ASH Lane, Lancaster, TX, 75146

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,943 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$118.37 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesStorage
Lot Size11,453 sqft

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces4

Land Information

APN36092500050090000
Lot Number9
SubdivisionWestwood Rev
Land UseResidential
Legal DescriptionWESTWOOD REV BLK E LT 9 INT202000325695 DD11172020 CO-DC 0925000500900 4CN09250005
Census Tract016803
Assessed Land Value$60,000
Assessed Improvement Value$243,410
Assessment Year2025

About this property

Beautiful, well maintained. Features vinyl flooring in living area,carpet in bedrooms, ceiling fans through out, solar lights, granite counters, wood teepee ceiling in dining, kitchen pantry, breakfast rm hutch, master has shower size of bathtub, walk in closet, converted garage is finished for family retreat or man cave. Beautiful landscaping, gazebo, storage building, steel carport. Huge tree shades entire back yard. Buyer will need to pay for survey. Well kept established neighborhood. H ac installed 2015, roof 2014, new electrical panel 2015, new water heater 2017.

Investor Tools

Property Icon
$303,410
Estimated Property Value
$0Estimated Mortgage Balance
$96,483Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,820 /month
Positive
Cash Flow Estimate:
$607 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$581/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,456
$303,410
2025
$60,000
$243,410
$303,410
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,456
$303,410

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wallick & Volk Inc
Fha
$221,906
Yes
First
Nov 17, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$206,927
$96,483
31%
68%
$1,385/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,385/mo
+$587/mo
7.8%

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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505 ASH Lane | Property Details | No Agent List