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$219,900

511 Inspiration Dr, Lancaster, TX, 75146

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,343 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$93.85 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size7,260 sqft

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces2

Land Information

APN360377500G0350000
Lot Number35
SubdivisionHearthstone Ph 1a
Land UseResidential
Legal DescriptionHEARTHSTONE PH 1A BLK G LT 35 INT201900113476 DD05022019 CO-DC 0377500G03500 4CN0377500G
Census Tract016806
Assessed Land Value$55,000
Assessed Improvement Value$316,820
Assessment Year2025

About this property

MUST SEE! Spectacular two story home, beautifully remodeled 4 Bedroom 2.5 bath and 2 Car Garage. The Spacious Kitchen with lots of cabinets and Breakfast area open to the living. Large living room. Master bedroom on the 1st floor with spacious master bath. Formal Living and formal Dining. New laminate flooring and new Tile Flooring, new paint. Privacy fencing and large backyard.

Investor Tools

Property Icon
$371,820
Estimated Property Value
$219,130Estimated Mortgage Balance
$179,137Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,231 /month
Positive
Cash Flow Estimate:
$744 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$428/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,275
$371,820
2025
$55,000
$316,820
$371,820
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,275
$371,820

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Smi Lending Inc
Va
$219,130
Yes
First
Mar 19, 2020
Apr 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$192,683
$179,137
48%
52%
$1,314/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,414/mo
+$1,158/mo
8.3%

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.

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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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511 Inspiration Dr | Property Details | No Agent List