$365,000
1916 Lemita Dr, Lancaster, TX, 75146
On Market
Just Added
Property Lead Type:
BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready
Highlights
Interior
AppliancesDishwasher, Electric Oven, Electric Water Heater, Disposal
Exterior
Lot Size9,300 sqft
Building Information
Year Built2006
Stories2
Roof Type105
Garage Spaces2
Land Information
APN36068050110230000
SubdivisionMillbrook East
Land UseResidential
Legal DescriptionMILLBROOK EAST PH 1 BLK 11 LT 23 INT201200196437 DD07052012 CO-DC 0680501102300 4CN06805011
Census Tract016806
Assessment Year2025
About this property
Large home with plenty of room for everyone inside and out. Completely updated from top to bottom. Freshly painted inside and out. New quartz counters in kitchen and bathrooms. Updated stair railings. New appliances, newer roof and HVAC. New lighting and plumbing fixtures. Complete with landscaping and sprinkler system.
Investor Tools
$154,902Estimated Mortgage Balance
$182,098Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,190 /month
Positive
Cash Flow Estimate:
$730 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$845/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,452
$337,000
2025
N/A
N/A
$337,000
No
Tax History
Year
Tax Paid
Assessed Value
2025
$8,452
$337,000
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank & Trust
Conventional
$174,000
No
First
Jan 26, 2021
Feb 2051
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$154,902
$182,098
54%
46%
$1,044/mo
