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$176,000

NAL Estimated Property Value

611 N Elm St, Lancaster, TX, 75146

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths672 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$2.46 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
FlooringHardwood, Wood

Exterior

Exterior FeaturesPrivate Entrance
Lot Size13,365 sqft

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces1

Land Information

APN36091500020030000
Lot Number3
SubdivisionWestridge Annex
Land UseResidential
Legal DescriptionWESTRIDGE ANNEX BLK B LT 3 INT202100306511 DD10132021 CO-DC 0915000200300 4CN09150002
Census Tract016803
Assessed Land Value$40,000
Assessed Improvement Value$101,910
Assessment Year2025

About this property

ONLY WHATS INSIDE THE RED LINES IS BEING RENTED! OTHER SIDE IS OWNERS AND WILL CONTINUE TO BE USED BY OWNER. Welcome to this beautifully remodeled single-family home in a welcoming community in Lancaster, TX ! Ideal for first-time buyers or anyone looking to downsize, this 2-bedroom, 1-bathroom gem offers a modern and cozy living space. This home has been fully updated to provide both style and comfort. The sleek kitchen features stunning granite countertops, a brand-new stove, dishwasher, refrigerator, and even a dryer—everything you need to move right in! Situated on a generous lot, the property boasts a wide, extended driveway that can accommodate up to 6 vehicles or more--perfect for families with multiple cars or anyone who loves to host. The large lot also offers the potential for future expansion, allowing you to easily add more square footage or build your dream outdoor space. The property is fully gated with a beautiful wood fence and a secure metal electric gate at the front for added privacy and security. Not only does this home offer plenty of space and privacy, but it also has all the updates you need to feel confident about your investment: a new roof (only 2 years old), a brand-new HVAC system, and a fixed foundation with a transferable warranty. Whether you're enjoying the quiet neighborhood or envisioning how you’ll expand or enhance your outdoor living, this home offers both tranquility and potential. Don’t miss the chance to own this charming home at an affordable price!

Investor Tools

Property Icon
$176,000
Estimated Property Value
$186,284Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,056 /month
Positive
Cash Flow Estimate:
$352 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$339/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,186
$141,910
2025
$40,000
$101,910
$141,910
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,186
$141,910

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mazzmania Lp
Purchase Money Mortgage
$80,000
No
First
Aug 27, 2021
Feb 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$186,284
N/A
0%
106%
$1,164/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,164/mo
+$401/mo
10.7%

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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611 N Elm St | Property Details | No Agent List