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$115,999

520 Lakeshore Drive, Cleveland, TX, 77327

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths624 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$185.9 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating OtherHeating Other
AppliancesRefrigerator Included, Electric Cooktop
FlooringLaminate

Exterior

Lot Size9,583 sqft

Building Information

Year Built1970
Stories1
Roof Type105

Land Information

APNR67934
Lot Number26
SubdivisionSix Lakes
Land UseResidential
Legal DescriptionSIX LAKES, BLOCK D, LOT 26, ACRES .22
Census Tract700600
Assessed Land Value$8,800
Assessed Improvement Value$43,110
Assessment Year2025

About this property

Escape to this charming 2-bedroom lake house cabin that has been completely remodeled. From the fresh interior and exterior paint to the new flooring, plumbing, new roof, light fixtures, ceiling fans and every detail has been thoughtfully updated. Beautiful beadboard ceilings throughout the home! Enjoy peaceful waterfront living with just a short walk to the fishing pier. The property also offers plenty of storage with two sheds and a separate man cave space. A handicap-accessible ramp adds convenience and accessibility. Surrounded by large trees and beautiful landscaping, this cozy retreat is the ideal spot to unwind. This peaceful and quiet neighborhood is surrounded by beautiful, lakes. Bring your john boat, fishing poles, and enjoy lake life at its finest! Low taxes, light restrictions! Summer days on the tire swing and lake life memories waiting to be made. 2 miles from Artesian Lakes and 8 min from Cleveland Airport and 1 hour to Downtown Houston. Schedule your showing today!!

Investor Tools

$26,923Estimated Mortgage Balance
$338,077Estimated Equity
92% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,190 /month
Positive
Cash Flow Estimate:
$730 /month

Interested in this property?

Joanna Tracy

JLA Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$211/month
$62/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$702
$51,910
2025
$8,800
$43,110
$51,910
No

Tax History

Year
Tax Paid
Assessed Value
2024
$702
$51,910

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jay Gaura
Seller Carryback / Seller Financing / Seller Take-Back
$27,000
No
First
Apr 10, 2026
Apr 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$26,923
$338,077
92%
7%
$162/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: Cleveland

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520 Lakeshore Drive | Property Details | No Agent List