201 Martin Dr · Lancaster, TX 75146

$230,000

3 bd · 2.0 ba · 1,698 sqft · SingleFamily public records · 200 Days on market

Built 1958 0.25 ac lot $135/sqft · 23% below area Est $297k · 23% under

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +13.4/30.0
• Appreciation +6.8/10.0
• 1% rule +4.9/10.0
• DSCR +4.0/10.0
• Rent growth +3.2/5.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks MLS

BACK ON THE MARKET!!! So, don’t miss the opportunity to create your dream space in the peaceful, country-style setting of Lancaster. This 3 BR, 2-bath home features a living area, dining area, laundry room, and 2-car garage that sits on a spacious lot and just needs your decorative touch and a little Botox to make it shine again. Sitting on a large lot surrounded by mature trees, you’ll enjoy plenty of outdoor space and quiet country living while still being conveniently close to city amenities. If you’ve been searching for a home you can truly make your own — or an investment with great upside — don’t miss this one. Bring your vision and make it yours today because the Seller is very motivated!

Key facts

• Large lot
• Outdoor space
• Mature trees

Tags

• LARGE LOT
• MATURE TREES
• OUTDOOR SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $5 ($58/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $228k (0.7% below list).
• Recommended offer: $202k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.3% vs local median 4.8% in Lancaster — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 62/100 on livability (#926 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, schools D, crime F.
• Lancaster ISD (suburban): math 19% / reading 29% proficiency, ranked #714 of 826 in TX (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.0%/yr); 103 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 12,577 units permitted in Dallas County in 2024 (6,829 in 5+ unit buildings).
• This rent runs 40% of the median local income ($68k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $10k of equity ($2k loan paydown + $8k appreciation (3.6% local appreciation)).
• Dallas County population projected at +35% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.6% appreciation + 3.0% rent growth), your $64k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 200 days — a 12% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 19y ago; this cycle's ask is 7% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $202,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 200 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.99% ✗
• Cap rate: 6.32%
• Cash-on-cash: 0.09%
• DSCR: 1.00
• GRM: 8.4

CMA / ARV

• ARV (median comp): $297,250
• List price: $230,000
• Delta: -22.62%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
718 Waynelee Dr	0.24mi	3/2.0	1,700 (+0%)	11mo	$149,817	$88	80
830 Bordner Dr	0.24mi	3/2.0	1,821 (+7%)	8mo	$350,000	$192	70
204 Trinity Dr	0.22mi	3/2.0	1,873 (+10%)	4mo	$289,000	$154	69
500 Glenwood Dr	0.57mi	3/2.0	1,718 (+1%)	6mo	$279,700	$163	66
814 Oakbluff Dr	0.41mi	3/2.0	1,839 (+8%)	4mo	$208,250	$113	64
416 Griffin St	0.55mi	4/2.0 (+1)	1,621 (-4%)	8mo	$299,900	$185	55
876 Dogwood Trl	0.70mi	3/2.0	1,578 (-7%)	2mo	$264,900	$168	54
714 Rea Ave	0.69mi	3/2.0	1,602 (-6%)	11mo	$249,900	$156	50
702 Rea Ave	0.69mi	3/2.0	1,533 (-10%)	5mo	$175,000	$114	47
531 Griffin St	0.42mi	4/2.0 (+1)	1,944 (+14%)	8mo	$365,000	$188	44
507 Inspiration Dr	0.73mi	3/2.0	1,516 (-11%)	11mo	$264,990	$175	39
208 N Ellis St	0.55mi	4/2.5 (+1)	1,920 (+13%)	9mo	$275,000	$143	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.57% appreciation · 2.96% rent growth · sell at horizon

5-year hold

• IRR: 9.2%
• Equity multiple: 1.55×
• Total profit: $35,157
• Equity at exit: $110,941

10-year hold

• IRR: 11.4%
• Equity multiple: 2.81×
• Total profit: $116,309
• Equity at exit: $177,069

Cash invested: $64,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 75146

• Home prices YoY: 1.1%
• Rents YoY: 3.0%
• Active inventory: 103
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $2,283 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$497 /mo · $5,964/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$480
• Net cashflow: $5

Break-even live

Break-even rent $2,277

Max offer price $230,000

Occupancy floor 95%

Sensitivity live

Price	-10% $135	-5% $70	+0% $5	+5% $-60	+10% $-125
Rent	-10% $-176	-5% $-85	+0% $5	+5% $95	+10% $185
Rate	-1.0pp $121	-0.5pp $63	base $5	+0.5pp $-55	+1.0pp $-115

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
900 Diann Cir Lancaster, TX	3.0	2.0	2247	$2,455	$1.09	2d	1	0.16mi
422 Ash Ln Lancaster, TX	3.0	2.0	1651	$1,995	$1.21	25d	1	0.21mi
830 Bordner Dr Lancaster, TX	3.0	2.0	1821	$2,300	$1.26	13d	1	0.22mi
1218 Jewell Ln Lancaster, TX	4.0	2.0	1854	$2,071	$1.12	8d	1	0.47mi
610 Canvas Ct Lancaster, TX	4.0	2.0	1859	$2,210	$1.19	2d	1	0.50mi
610 Canvas Ct Lancaster, TX	4.0	2.0	1859	$2,276	$1.22	8d	1	0.50mi
1308 Devine Dr Lancaster, TX	4.0	2.0	1568	$2,350	$1.50	44d	1	0.66mi
1125 Greenbriar Ln Lancaster, TX	3.0	2.0	1744	$1,825	$1.05	8d	1	0.77mi
1225 Oakbluff Dr Lancaster, TX	3.0	2.0	1335	$1,895	$1.42	4d	1	0.78mi
1109 Harvest Hill Ln Lancaster, TX	3.0	2.5	2006	$2,350	$1.17	8d	1	0.83mi
300 E Main St Lancaster, TX	2.0	1.0	1240	$1,595	$1.29	25d	1	0.89mi
823 N Dallas Ave Lancaster, TX	2.0	1.0	1156	$1,425	$1.23	11d	1	0.90mi
1326 Johns Ave Lancaster, TX	4.0	2.0	1236	$2,100	$1.70	44d	1	0.95mi
1217 Meadow Creek Dr Lancaster, TX	3.0	2.0	2088	$1,971	$0.94	13d	1	0.96mi
1217 Meadow Creek Dr Lancaster, TX	3.0	2.0	2088	$1,905	$0.91	8d	1	0.96mi
1450 Waldrop Dr Lancaster, TX	4.0	2.0	1946	$2,291	$1.18	44d	1	0.97mi
1450 Waldrop Dr Lancaster, TX	4.0	2.0	1946	$2,105	$1.08	21d	1	0.97mi
1373 Oakbluff Dr Lancaster, TX	3.0	2.0	1289	$1,850	$1.44	3d	1	1.04mi
509 Arbor Ln Lancaster, TX	3.0	2.0	1494	$1,875	$1.26	44d	1	1.05mi
120 E Park Place Dr Lancaster, TX	4.0	1.0	1536	$1,900	$1.24	25d	1	1.12mi
721 Lindenwood Dr Lancaster, TX	3.0	2.0	1606	$1,895	$1.18	16d	1	1.17mi
721 Lindenwood Dr Lancaster, TX	3.0	2.0	1606	$1,895	$1.18	8d	1	1.17mi
1910 Jasmine Dr Lancaster, TX	3.0	2.5	2183	$2,480	$1.14	25d	1	1.42mi
1533 Prescott Dr Lancaster, TX	3.0	2.0	1500	$1,975	$1.32	5d	1	1.44mi
1934 Mosley Dr Lancaster, TX	4.0	2.0	1754	$2,099	$1.20	25d	1	1.47mi
1532 Linda Ln Lancaster, TX	3.0	2.0	1380	$2,000	$1.45	25d	1	1.48mi
633 Rutgers Dr Lancaster, TX	4.0	2.0	2065	$1,995	$0.97	5d	1	1.48mi
633 Rutgers Dr Lancaster, TX	4.0	2.0	2065	$1,995	$0.97	11d	1	1.48mi

Listing history 36 events

1. 2026-06-21
   days on market $230,000 Active 200 DOM
2. 2026-06-18
   days on market $230,000 Active 197 DOM
3. 2026-06-17
   days on market $230,000 Active 196 DOM
4. 2026-06-16
   days on market $230,000 Active 195 DOM
5. 2026-06-15
   days on market $230,000 Active 194 DOM
6. 2026-06-13
   days on market $230,000 Active 192 DOM
7. 2026-06-09
   days on market $230,000 Active 188 DOM
8. 2026-06-08
   days on market $230,000 Active 187 DOM
9. 2026-06-07
   days on market $230,000 Active 186 DOM
10. 2026-06-04
    days on market $230,000 Active 183 DOM
11. 2026-06-03
    days on market $230,000 Active 182 DOM
12. 2026-06-02
    days on market $230,000 Active 181 DOM
13. 2026-06-01
    days on market $230,000 Active 180 DOM
14. 2026-05-31
    days on market $230,000 Active 179 DOM
15. 2026-04-30
    price $230,000 743-char remark

    Show marketing remark (743 chars)

    BACK ON THE MARKET!!! So, don’t miss the opportunity to create your dream space in the peaceful, country-style setting of Lancaster. This 3 BR, 2-bath home features a living area, dining area, laundry room, and 2-car garage that sits on a spacious lot and just needs your decorative touch and a little Botox to make it shine again. Sitting on a large lot surrounded by mature trees, you’ll enjoy plenty of outdoor space and quiet country living while still being conveniently close to city amenities. If you’ve been searching for a home you can truly make your own — or an investment with great upside — don’t miss this one. Bring your vision and make it yours today because the Seller is very motivated!

16. 2026-04-29
    status Active 743-char remark

    Show marketing remark (743 chars)

    BACK ON THE MARKET!!! So, don’t miss the opportunity to create your dream space in the peaceful, country-style setting of Lancaster. This 3 BR, 2-bath home features a living area, dining area, laundry room, and 2-car garage that sits on a spacious lot and just needs your decorative touch and a little Botox to make it shine again. Sitting on a large lot surrounded by mature trees, you’ll enjoy plenty of outdoor space and quiet country living while still being conveniently close to city amenities. If you’ve been searching for a home you can truly make your own — or an investment with great upside — don’t miss this one. Bring your vision and make it yours today because the Seller is very motivated!

17. 2026-03-25
    status Pending 743-char remark

    Show marketing remark (743 chars)

    BACK ON THE MARKET!!! So, don’t miss the opportunity to create your dream space in the peaceful, country-style setting of Lancaster. This 3 BR, 2-bath home features a living area, dining area, laundry room, and 2-car garage that sits on a spacious lot and just needs your decorative touch and a little Botox to make it shine again. Sitting on a large lot surrounded by mature trees, you’ll enjoy plenty of outdoor space and quiet country living while still being conveniently close to city amenities. If you’ve been searching for a home you can truly make your own — or an investment with great upside — don’t miss this one. Bring your vision and make it yours today because the Seller is very motivated!

18. 2026-03-17
    historical Active Option Contract 743-char remark

    Show marketing remark (743 chars)

    BACK ON THE MARKET!!! So, don’t miss the opportunity to create your dream space in the peaceful, country-style setting of Lancaster. This 3 BR, 2-bath home features a living area, dining area, laundry room, and 2-car garage that sits on a spacious lot and just needs your decorative touch and a little Botox to make it shine again. Sitting on a large lot surrounded by mature trees, you’ll enjoy plenty of outdoor space and quiet country living while still being conveniently close to city amenities. If you’ve been searching for a home you can truly make your own — or an investment with great upside — don’t miss this one. Bring your vision and make it yours today because the Seller is very motivated!

19. 2026-03-11
    price $215,000 743-char remark

    Show marketing remark (743 chars)

    BACK ON THE MARKET!!! So, don’t miss the opportunity to create your dream space in the peaceful, country-style setting of Lancaster. This 3 BR, 2-bath home features a living area, dining area, laundry room, and 2-car garage that sits on a spacious lot and just needs your decorative touch and a little Botox to make it shine again. Sitting on a large lot surrounded by mature trees, you’ll enjoy plenty of outdoor space and quiet country living while still being conveniently close to city amenities. If you’ve been searching for a home you can truly make your own — or an investment with great upside — don’t miss this one. Bring your vision and make it yours today because the Seller is very motivated!

20. 2026-03-11
    status Active 743-char remark

    Show marketing remark (743 chars)

    BACK ON THE MARKET!!! So, don’t miss the opportunity to create your dream space in the peaceful, country-style setting of Lancaster. This 3 BR, 2-bath home features a living area, dining area, laundry room, and 2-car garage that sits on a spacious lot and just needs your decorative touch and a little Botox to make it shine again. Sitting on a large lot surrounded by mature trees, you’ll enjoy plenty of outdoor space and quiet country living while still being conveniently close to city amenities. If you’ve been searching for a home you can truly make your own — or an investment with great upside — don’t miss this one. Bring your vision and make it yours today because the Seller is very motivated!

21. 2026-02-17
    status Pending 743-char remark

    Show marketing remark (743 chars)

    BACK ON THE MARKET!!! So, don’t miss the opportunity to create your dream space in the peaceful, country-style setting of Lancaster. This 3 BR, 2-bath home features a living area, dining area, laundry room, and 2-car garage that sits on a spacious lot and just needs your decorative touch and a little Botox to make it shine again. Sitting on a large lot surrounded by mature trees, you’ll enjoy plenty of outdoor space and quiet country living while still being conveniently close to city amenities. If you’ve been searching for a home you can truly make your own — or an investment with great upside — don’t miss this one. Bring your vision and make it yours today because the Seller is very motivated!

22. 2026-02-10
    historical Active Option Contract 743-char remark

    Show marketing remark (743 chars)

    BACK ON THE MARKET!!! So, don’t miss the opportunity to create your dream space in the peaceful, country-style setting of Lancaster. This 3 BR, 2-bath home features a living area, dining area, laundry room, and 2-car garage that sits on a spacious lot and just needs your decorative touch and a little Botox to make it shine again. Sitting on a large lot surrounded by mature trees, you’ll enjoy plenty of outdoor space and quiet country living while still being conveniently close to city amenities. If you’ve been searching for a home you can truly make your own — or an investment with great upside — don’t miss this one. Bring your vision and make it yours today because the Seller is very motivated!

23. 2026-02-09
    price $230,000 743-char remark

    Show marketing remark (743 chars)

    BACK ON THE MARKET!!! So, don’t miss the opportunity to create your dream space in the peaceful, country-style setting of Lancaster. This 3 BR, 2-bath home features a living area, dining area, laundry room, and 2-car garage that sits on a spacious lot and just needs your decorative touch and a little Botox to make it shine again. Sitting on a large lot surrounded by mature trees, you’ll enjoy plenty of outdoor space and quiet country living while still being conveniently close to city amenities. If you’ve been searching for a home you can truly make your own — or an investment with great upside — don’t miss this one. Bring your vision and make it yours today because the Seller is very motivated!

24. 2026-01-19
    price $227,500 743-char remark

    Show marketing remark (743 chars)

    BACK ON THE MARKET!!! So, don’t miss the opportunity to create your dream space in the peaceful, country-style setting of Lancaster. This 3 BR, 2-bath home features a living area, dining area, laundry room, and 2-car garage that sits on a spacious lot and just needs your decorative touch and a little Botox to make it shine again. Sitting on a large lot surrounded by mature trees, you’ll enjoy plenty of outdoor space and quiet country living while still being conveniently close to city amenities. If you’ve been searching for a home you can truly make your own — or an investment with great upside — don’t miss this one. Bring your vision and make it yours today because the Seller is very motivated!

25. 2025-12-04
    price $230,000 743-char remark

    Show marketing remark (743 chars)

    BACK ON THE MARKET!!! So, don’t miss the opportunity to create your dream space in the peaceful, country-style setting of Lancaster. This 3 BR, 2-bath home features a living area, dining area, laundry room, and 2-car garage that sits on a spacious lot and just needs your decorative touch and a little Botox to make it shine again. Sitting on a large lot surrounded by mature trees, you’ll enjoy plenty of outdoor space and quiet country living while still being conveniently close to city amenities. If you’ve been searching for a home you can truly make your own — or an investment with great upside — don’t miss this one. Bring your vision and make it yours today because the Seller is very motivated!

26. 2025-10-06
    listed $215,000 Active 743-char remark

    Show marketing remark (743 chars)

    BACK ON THE MARKET!!! So, don’t miss the opportunity to create your dream space in the peaceful, country-style setting of Lancaster. This 3 BR, 2-bath home features a living area, dining area, laundry room, and 2-car garage that sits on a spacious lot and just needs your decorative touch and a little Botox to make it shine again. Sitting on a large lot surrounded by mature trees, you’ll enjoy plenty of outdoor space and quiet country living while still being conveniently close to city amenities. If you’ve been searching for a home you can truly make your own — or an investment with great upside — don’t miss this one. Bring your vision and make it yours today because the Seller is very motivated!

27. 2022-05-17
    soldstatus
28. 2022-05-12
    soldstatus Closed 397-char remark

    Show marketing remark (397 chars)

    Charming 3 bedroom 2 bath 2 garage home with a large front and backyard in an established neighborhood. This home has a lot of the original charm and character including refinished hardwood floors, custom cabinets, and a large dining area. It will need some upgrades. This will give the new owners the opportunity to add their character and charm to this lovely place. Stop by and check it out!

29. 2022-04-07
    status Pending 397-char remark

    Show marketing remark (397 chars)

    Charming 3 bedroom 2 bath 2 garage home with a large front and backyard in an established neighborhood. This home has a lot of the original charm and character including refinished hardwood floors, custom cabinets, and a large dining area. It will need some upgrades. This will give the new owners the opportunity to add their character and charm to this lovely place. Stop by and check it out!

30. 2022-03-30
    status Active 397-char remark

    Show marketing remark (397 chars)

    Charming 3 bedroom 2 bath 2 garage home with a large front and backyard in an established neighborhood. This home has a lot of the original charm and character including refinished hardwood floors, custom cabinets, and a large dining area. It will need some upgrades. This will give the new owners the opportunity to add their character and charm to this lovely place. Stop by and check it out!

31. 2022-03-16
    listed $265,000 Active 397-char remark

    Show marketing remark (397 chars)

    Charming 3 bedroom 2 bath 2 garage home with a large front and backyard in an established neighborhood. This home has a lot of the original charm and character including refinished hardwood floors, custom cabinets, and a large dining area. It will need some upgrades. This will give the new owners the opportunity to add their character and charm to this lovely place. Stop by and check it out!

32. 2007-09-07
    soldstatus
33. 2007-09-04
    soldstatus
34. 2007-07-16
    historical
35. 2007-05-15
    listed $89,900
36. 2000-01-14
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $5,964 · $497/mo
• Projected year-2 tax: $5,964 · $497/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°F today · 26 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,400
• − Mortgage interest: −$12,884
• − Property taxes: −$5,964
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,192
• − Management: −$2,192
• − Depreciation: −$6,691
• Taxable loss: −$3,673
• Est. tax savings @ 24.0%: +$881
• After-tax cash flow: $939/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lancaster ISD
• NCES district ID: 4826670
• Math proficiency: 19% ▼ -29.00%
• Reading proficiency: 29% ▼ -11.00%
• Median HH income: $52,275
• Composite: 21.41/100
• National rank: #8349
• State rank: #714 of 826 in TX

Livability — Lancaster

• Score: 62/100
• State rank: #926
• US rank: #16461

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment C- Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lancaster, TX
• County: Dallas County · 2,612,404 people
• City population: 44,142
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 25,097
• Household income: $68,071
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 1462.0

Population outlook (Dallas County) Hauer SSP2

• Today (2025): 2,979,839 people
• By 2030: 3,191,823 · +7.1%
• By 2040: 3,619,611 · +21.5%
• By 2050: 4,026,915 · +35.1%
• By 2075: 4,957,073 · +66.4%
• By 2100: 5,508,725 · +84.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 60% Hispanic / Latino 26% Two or more races 12% White 11%
• Hispanic origin (detail): Mexican 20% Puerto Rican 2%
• Common ancestry: Italian 2%
• Foreign-born: 7% · Canada
• Languages at home: 80% English-only · Spanish 20%

Political lean MEDSL · Dallas

• 2024 margin: Strong D (+22.2) · D 60.2% · R 38.0% · Other 1.8%
• 2008→2024 swing: +6.9pp toward D · 2008: 15.3pp · 2024: 22.2pp
• All cycles: 2024: D+22.2 2020: D+31.6 2016: D+26.2 2012: D+15.4 2008: D+15.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.57%
• Current HPI: 316.7295
• Rent YoY: ▲ 2.96%
• Metro: Dallas-Fort Worth-Arlington, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+155.8% since first listed

22 events — show timeline

• 2026-04-30 Price Changed $230,000 NTREIS
• 2026-04-29 Relisted — NTREIS
• 2026-03-25 Pending — NTREIS
• 2026-03-17 Contingent — NTREIS
• 2026-03-11 Price Changed $215,000 NTREIS
• 2026-03-11 Relisted — NTREIS
• 2026-02-17 Pending — NTREIS
• 2026-02-10 Contingent — NTREIS
• 2026-02-09 Price Changed $230,000 NTREIS
• 2026-01-19 Price Changed $227,500 NTREIS
• 2025-12-04 Price Changed $230,000 NTREIS
• 2025-10-06 Listed $215,000 NTREIS
• 2022-05-17 Sold (Public Records) — Public Records
• 2022-05-12 Sold (MLS) — NTREIS
• 2022-04-07 Pending — NTREIS
• 2022-03-30 Relisted — NTREIS
• 2022-03-16 Listed $265,000 NTREIS
• 2007-09-07 Sold (Public Records) — Public Records
• 2007-09-04 Sold (MLS) — NTREIS
• 2007-07-16 Listing Removed — NTREIS
• 2007-05-15 Listed $89,900 NTREIS
• 2000-01-14 Sold (Public Records) — Public Records

Property tax history

+6.2%/yr

Latest (2025): $5,964 · -0.2% YoY. Source: county tax records.