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$425,000

1111 Lakewood Dr, Wylie, TX, 75098

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,005 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$211.97 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Disposal, Microwave
FlooringCarpet, Luxury Vinyl Plank

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size18,345 sqft

Building Information

Year Built2005
Stories2
Garage Spaces2

Land Information

APNR-8401-00Q-0270-1
Lot Number27
SubdivisionTwin Lakes Phase V (Cwy)
Land UseResidential
Legal DescriptionTWIN LAKES PHASE V (CWY), BLK Q, LOT 27
Census Tract031323
Assessed Land Value$94,500
Assessed Improvement Value$273,394
Assessment Year2026

About this property

Welcome to the Twin Lakes neighborhood of Wylie! Situated on an oversized quarter-acre corner lot, this home offers a wonderful combination of indoor comfort and outdoor living. The eat-in kitchen opens to the living room, creating a functional layout for everyday living and entertaining, while the family room features a cozy brick fireplace. All bedrooms are conveniently located upstairs. Step outside to enjoy the pool and spacious covered patio, perfect for relaxing or hosting gatherings. A storage shed provides additional space for outdoor equipment and storage. Recent updates include fresh paint in most of the home and both AC units replaced in 2022. The roof, gutters, and screens will be replaced soon. Enjoy the added benefit of no HOA and the convenience of being within walking distance to Twin Lakes Park. Don't miss the opportunity to make this inviting home your own!

Investor Tools

$108,114Estimated Mortgage Balance
$265,886Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$537/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,575
$367,894
2026
$94,500
$273,394
$367,894
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,575
$367,894

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Fha
$155,315
Yes
First
Jun 13, 2013
Jul 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$108,114
$265,886
71%
29%
$932/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$932/mo
+$2,408/mo
10.7%

City: Wylie