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$394,740

507 E Reindeer Rd, Lancaster, TX, 75146

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size8.77 acres

Land Information

APN360792500A0010000
Lot Number1
SubdivisionRodriguez
Land UseAgriculture / Farming
Legal DescriptionRODRIGUEZ BLK A LT 1 ACS 8.777 SEE 360792500A00100HS FOR REM INT202100053227 DD02102021 CO-DC 0792500A00100 4CN0792500A
Census Tract016802
Assessed Land Value$394,740
Assessment Year2025

About this property

Original 1920 era farm house burned leaving numerous out buildings in various conditions. Fences are of various materials. Some trees along fence line. At least 1 pecan tree. Garage remains and is in use currently by owner. Owner prefers to meet potential buyer and agent if going onto property. It is a rectangle shape property, almost flat. Rocket water meter, electricity and gas available. Probably require new septic. Within city limits. Executive home zoning. Pasture is native grass and is baled regularly. Agriculture exemption on 9 acres.

Investor Tools

Property Icon
$394,740
Estimated Property Value
$0Estimated Mortgage Balance
$394,740Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,368 /month
Positive
Cash Flow Estimate:
$789 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$167/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$33
$394,740
2025
$394,740
N/A
$394,740
No

Tax History

Year
Tax Paid
Assessed Value
2024
$33
$394,740

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$394,740
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Lancaster

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507 E Reindeer Rd | Property Details | No Agent List