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$240,000

506 S Church St, Lockhart, TX, 78644

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths759 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$380.76 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
Heating Space/SuspendedHeating Space/Suspended
CoolingCooling
AppliancesGas Cooktop
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size8,181 sqft

Building Information

Year Built1945
Stories1

Land Information

APN0300535-001-006-70
Lot Number6
SubdivisionHeppenstall
Land UseResidential
Legal DescriptionHEPPENSTALL, LOT PT 6
Census Tract960300
Assessed Land Value$59,960
Assessed Improvement Value$137,930
Assessment Year2025

About this property

Cutest little house in Lockhart! This pristine 1 bedroom, 1 bathroom home is just 2 blocks to the historic square and turn key. Natural light pours into each room making the original hardwood floors shine. A generous living space is open to the dining room--both with neutral paint and lovely window trim. The quaint kitchen is trendy with penny tile, hard-wood counter tops, white cabinets, and black hardware. The window above the sink over looks your private back yard. You'll have plenty of elbow room in the primary bedroom with en suite spacious bath with walk in shower. Outdoor living near the square doesn't get better than this! The front porch is large enough for many chairs and greeting guests and neighbors. The back yard is privacy fenced, includes a metal pergola for BBQing or just relaxing. The storage shed conveys. The majestic century oak in the front yard, blue exterior with bright white trim are practically perfect in every way. Amazing potential for any investor for long or short terms rental--or come on down and call Lockhart your HOME! Easy access to 130, Austin, Bastrop, San Marcos. This gem is not to be missed!

Investor Tools

Property Icon
$240,000
Estimated Property Value
$185,000Estimated Mortgage Balance
$63,101Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,734 /month
Positive
Cash Flow Estimate:
$578 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$501/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,809
$197,890
2025
$59,960
$137,930
$197,890
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,809
$197,890

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
University Fcu
Conventional
$185,000
No
First
Dec 22, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$176,899
$144,101
44%
74%
$1,110/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,386/mo
$1,110/mo
+$276/mo
6.9%

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.

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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: Lockhart

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