1Days on Market

4view

$325,000

828 Armadillo Drive, Lorena, TX, 76655

$327,648 ARV

On Market

Just Added

3 Beds

2 Bath

1,428 Sq Ft

Single Family Residence

$227.59 / sqft

Built in 1986

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating

Cooling

AppliancesFreestanding Oven, Free-Standing Range, Dishwasher

FlooringCarpet, Concrete, Tile

Exterior

Exterior FeaturesSide Yard

Lot Size6,098 sqft

Building Information

Year Built2022

Stories1

Roof Type105

Garage Spaces2

Land Information

APN1G-0118-1004-02600-000

Lot Number26

SubdivisionArroyo Ranch Ph #1

Land UseOther / Unknown

Legal DescriptionARROYO RANCH PH #1 BLOCK 4 LOT 26 .14 AC

Census Tract210805

Assessed Land Value$34,254

Assessed Improvement Value$216,466

Assessment Year2025

About this property

LOCATION! LOCATION! LOCATION! Quiet Country Living with Top-Rated Lorena ISD Schools! Welcome to 828 Armadillo Drive, a charming 3-bedroom, 2-bathroom home perfectly situated on a spacious 1.17-acre lot. Offering 1,428 square feet of well-designed living space, this home features a convenient in-house utility room and a versatile finished, fully air-conditioned garage conversion—ideal for a home office, game room, craft space, second living area, or a garage. Enjoy the freedom of unrestricted land with NO HOA, giving you endless possibilities to store your RV, boat, or work equipment. The partially fenced acreage provides plenty of room to roam, garden, or relax, complete with 2 storage buildings and a large open utility barn ready for your workshop setup or outdoor projects. If you have been searching for peaceful country living paired with highly sought-after Lorena schools, this property is a must-see! Schedule your private showing today!

Investor Tools

$250,720

Estimated Property Value

$0Estimated Mortgage Balance

$0Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$327,648

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,950 /month

Positive

Cash Flow Estimate:

$650 /month

Interested in this property?

Bridget Davis

United Real Estate

Contact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$408/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,641

$250,720

2025

$34,254

$216,466

$250,720

Tax History

Year

Tax Paid

Assessed Value

2024

$3,641

$250,720

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Dhi Mortgage Company Ltd

Fha

$265,648

Yes

First

Sep 30, 2022

Oct 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$251,329

N/A

100%

$1,623/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,631/mo

$1,623/mo

+$8/mo

7.8%

Learn About the Market: Opportunity in Texas

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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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