Owner
$664,953
2407 LANCASTER DR, AUSTIN, TX
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
0
baths
1
sq. ft.
1,980
property type
Single Family Residential
hoa
No
About
Residential
Building Quality C
Average Condition
Living Area
Attached Garage
1 Story
Central
Spa or Hot Tub (Only)
Wood
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1973
Building Size
1,980 sq ft
Lot Size
14,271 sq ft
Lot Size (Acres)
0.33 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
342086
County
Travis County, TX
Metro Area
Austin-Round Rock-San Marcos, TX
Zoning
—
Neighborhood/Subdivision
CASTLEWOOD FOREST SEC 7
Lot Number
4
School District
Austin Independent School District
Legal Description
LOT 4 BLK H CASTLEWOOD FOREST SEC 7
Tax & Value Information
Market Value (Total)
$684,824
Building Value
$409,824
Land Value
$275,000
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$503,331
Last Assessment Year
2023
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
2/15/1996
Recording Date
2/16/1996
Sales Document #
—
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$25,730
Return on Investment
15.60%
After Repair Value
$731,448
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$598,458
Renovation Cost
$33,248
Closing Costs (buying)
$11,969
Holding Costs
$18,157
Selling Costs
$43,887
Total Investment
$164,908
After Repair Value (ARV)
$731,448
Total Costs
$705,718
Estimated Profit
$25,730
Cash Invested
$152,939
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area