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B+
NoAgentList RatingHow are grades calculated? Info

$347,280

812 Merritt Dr, Lockhart, TX, 78644

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,507 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$142.6 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Electric Water Heater, Oven
FlooringVinyl

Exterior

Private PoolPrivate Pool
Lot Size11,069 sqft

Building Information

Year Built1975
Stories1
Garage Spaces2

Land Information

APN0300561-004-012-00
Lot Number12
SubdivisionSouth Park Place Sec. Iii
Land UseResidential
Legal DescriptionSOUTH PARK PLACE SEC. III, BLOCK D, LOT 12
Census Tract960300
Assessed Land Value$73,390
Assessed Improvement Value$273,890
Assessment Year2025

About this property

This one's a cream puff; perfect size first home or downsizing. Has laminate throughout; both baths have tile flooring and counter top. Kitchen has tile splash. The floor plan is mother in law and the 2nd and third beds have built-ins. Master has nice sized walk in closet. Property has a wall and sprinkler system. This home is all electric and the HVAC system has been replaced in past appx. 24 months. Within walking distance to two elementary schools and the high school. Agents call for keypad codeRestrictions: Yes Sprinkler Sys:Yes

Investor Tools

Property Icon
$347,280
Estimated Property Value
$299,250Estimated Mortgage Balance
$51,962Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,084 /month
Positive
Cash Flow Estimate:
$695 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$778/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,594
$347,280
2025
$73,390
$273,890
$347,280
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,594
$347,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primis Mortgage Co
Conventional
$299,250
No
First
Aug 12, 2025
Sep 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$295,318
$51,962
14%
85%
$1,795/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$1,795/mo
+$293/mo
7.2%

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.

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: Lockhart

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812 Merritt Dr | Property Details | No Agent List