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$247,380

NAL Estimated Property Value

508 S Arnold St, Lampasas, TX, 76550

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,660 Sq Ft
price_per_sqft$101.81 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Free-Standing Electric Range
FlooringVinyl, Wood

Exterior

Lot Size14,810 sqft

Building Information

Year Built1940

Land Information

APN787
Land UseResidential
Legal DescriptionLOT: S 73 L5 & 6 E37 L7 BLK: 1 SUBD: F J HARRIS LOCCD:66
Census Tract950500
Assessed Land Value$39,860
Assessed Improvement Value$207,520
Assessment Year2025

About this property

Charming 1144 SF 2 bedroom 1 bath home w/ a 516 SF guest house on a half acre corner lot in a quiet neighborhood on the west side of Lampasas. This house has wood and vinyl floors, updated windows, new shower surround, cedar lined closets, pantry, electric range, kitchen island, dishwasher, washer & dryer hookups, and more! The exterior is landscaped and features a 2 car carport w/ washer & dryer hookups, storage, screened back porch, clothes line, and a 4 year old roof. The guest house has a living room/bedroom with wood burning fireplace, closet and full bath. This place is a must see!

Investor Tools

Property Icon
$247,380
Estimated Property Value
$147,751Estimated Mortgage Balance
$99,629Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,484 /month
Positive
Cash Flow Estimate:
$495 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$375/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,263
$247,380
2025
$39,860
$207,520
$247,380
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,263
$247,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Capital Bank Ssb
Conventional
$165,300
No
First
Nov 22, 2020
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$147,751
$99,629
40%
60%
$992/mo

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: Lampasas

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508 S Arnold St | Property Details | No Agent List