$640,000
1401 Lake Falls Ter, Lewisville, TX, 75010
On Market
Just Added
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
AppliancesDishwasher, Gas Cooktop, Disposal, Microwave
Exterior
Lot Size6,534 sqft
Building Information
Year Built2019
Stories2
Roof Type105
Garage Spaces2
Land Information
APNR675945
Lot Number2
SubdivisionLakewood Hills West Addition Phase I
Land UseResidential
Legal DescriptionLAKEWOOD HILLS WEST ADDITION PHASE I BLK K LOT 2
Census Tract021653
Assessed Land Value$143,748
Assessed Improvement Value$476,414
Assessment Year2025
About this property
Discover the charm of 1401 Lake Falls Terrace! This two-story home offers 4 bedrooms, 4 bathrooms, on a desirable premium lot. The extended patio provides a wonderful space to enjoy outdoor dining, entertain guests, or unwind after a long day. Conveniently located within walking distance of the highly sought out STEM Academy at Memorial Elementary School, the community swimming pool, and next to the fire station. This home combines everyday comfort with neighborhood convenience. Come explore all this home has to offer and imagine the possibilities.
Investor Tools
$348,223Estimated Mortgage Balance
$249,211Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,840 /month
Positive
Cash Flow Estimate:
$1,280 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,167/month
$650/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,015
$597,434
2025
$143,748
$476,414
$620,162
No
Tax History
Year
Tax Paid
Assessed Value
2025
$11,015
$597,434
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lakeview Loan Servicing Llc
Conventional
$385,000
No
First
Oct 6, 2021
Nov 2051
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$348,223
$249,211
41%
58%
$2,309/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,940/mo
$2,959/mo
$-19/mo
5.9%
