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A+
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$236,000

609 DONLEE Road, Lancaster, TX, 75134

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,475 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$103.39 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringVinyl, Wood

Exterior

Lot Size9,077 sqft

Building Information

Year Built1961
Stories1
Roof Type105
Garage Spaces2

Land Information

APN36062500100110000
Lot Number11
SubdivisionLancaster Terrace
Land UseResidential
Legal DescriptionLANCASTER TERRACE 3 BLK 10 LOT 11 INT202000358716 DD12182020 CO-DC 0625001001100 4CN06250010
Census Tract016704
Assessed Land Value$55,000
Assessed Improvement Value$177,830
Assessment Year2025

About this property

Original owner of 60 years. Located near park, rec center, library, walk to most schools. Solid built. 3 bedrooms, lots of closets, light & bright kitchen den area, beautiful yard with lots of flowering plants. Pecan & oak tree. Oak floors need new finish, vinyl flooring replaced. Huge potential to update. living there while doing work. White appliances, updated water heater, ceiling fans, security system, garage door opener, Hollywood bath white tile with tub shower combo. Priced with no updates. There is no survey. All appliances remain including refrigerator, washer & dryer. Front porch, open patio, good neighbors. Home that has always been filled with love.

Investor Tools

Property Icon
$236,000
Estimated Property Value
$0Estimated Mortgage Balance
$130,316Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,416 /month
Positive
Cash Flow Estimate:
$472 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$557/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,500
$232,830
2025
$55,000
$177,830
$232,830
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,500
$232,830

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$118,000
No
First
Dec 18, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$105,684
$130,316
55%
45%
$708/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$708/mo
+$1,264/mo
10.0%

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.

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: Lancaster

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609 DONLEE Road | Property Details | No Agent List