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$258,040

NAL Estimated Property Value

603 Willowood Ln, Lancaster, TX, 75134

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,616 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$148.51 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Gas Water Heater, Microwave
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesStorage, Outdoor Grill
Lot Size8,526 sqft

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces4

Land Information

APN36063500110060000
Lot Number6
SubdivisionLancaster Terrace
Land UseResidential
Legal DescriptionLANCASTER TERRACE 4 BLK 11 LT 06 INT202500097644 DD05092025 CO-DC 0635001100600 4CN06350011
Census Tract016704
Assessed Land Value$55,000
Assessed Improvement Value$203,040
Assessment Year2025

About this property

Versatile floor plan on this 3 bedroom, 2 bath home. Dining room could be combo Living dining room or just a second living area. Kitchen has a breakfast area + a breakfast bar area. Very nice windows that pull up and out to clean. Many extras here including a storm cellar, 2 c garage + a 2 car carport, large gazebo, & 2 storage sheds. Sprinkler in front only. 1 GDO. Maintainance free aluminum siding, ceiling fans. Convenient location for schools, shopping & easy freeway access. May have wood floors under carpet but owner not sure. Please use Stewart Title in DeSoto. Title work is open already. Make sure you lock storm door as well as front door when you leave.

Investor Tools

Property Icon
$258,040
Estimated Property Value
$219,319Estimated Mortgage Balance
$38,721Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,548 /month
Positive
Cash Flow Estimate:
$516 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$449/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,104
$258,040
2025
$55,000
$203,040
$258,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,104
$258,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Union Home Mortgage Corp
Conventional
$223,250
No
First
May 9, 2025
Jun 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$219,319
$38,721
15%
85%
$1,339/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,339/mo
+$633/mo
9.2%

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: Lancaster

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603 Willowood Ln | Property Details | No Agent List