605 S Summer Street

Lampasas, TX 76550

$275,000

3 beds
2 baths
1,429 sq ft
0.21 acres
Built 1950

Listed by Burks Real Estate · MLS #627346

Listing status & updates

MLS last changed: Not supplied by this listing source
Availability last checked: No per-listing check is recorded

Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status

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605 S Summer Street, Lampasas, TX 76550 · MLS #627346

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1950.

Property size

0.21 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Charming 3-Bedroom, 2-Bath Home with Modern Features – No Carpet!

This inviting 3-bedroom, 2-bath home offers comfortable living spaces and attractive finishes throughout. Wood-look vinyl plank flooring extends throughout the living areas, providing a stylish look with easy maintenance—no carpet!

The kitchen features granite countertops, stainless steel appliances, custom cabinetry, and a spacious pantry, making it both functional and appealing. The large living and great room provide plenty of space for relaxing, gathering with family, or entertaining guests.

The primary suite includes a beautiful bathroom with dual vanities, a spacious walk-in shower, and stylish tile and fixtures. The second bathroom features modern finishes and a tub/shower combination.

Additional improvements include foundation leveling, a roof replacement in 2021, and a new AC system installed in 2023.

With a practical layout, attractive features, and important major improvements, this home is ready for its next owner to make it their own!

Explore the location More properties in Lampasas

THE NEIGHBORHOOD

Explore the location.

605 S Summer Street, Lampasas, TX 76550

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THE DETAILS

The details, all in one place.

Property type: Residential
Category: Residential
Year built: 1950
Full baths: 2
Half baths: 0
Garage spaces: 0
Cooling: Electric,OneUnit
Heating: Electric
Appliances: Dishwasher,ElectricRange,WaterHeater
Flooring: Vinyl
Utilities: ElectricityAvailable,HighSpeedInternetAvailable,WaterAvailable
Exterior: Patio
Fencing: None
Pool features: None
Spa: No
Subdivision: Park
Parcel: 2319
Elementary school: Kline Whitis
Middle school: Lampasas Middle School
High school: Lampasas High School

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

Investor outlook Rental potential, ownership costs and property management

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—

Estimated monthly rent$1,145.83

Cap rate—

Annual operating income: —

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

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Purchase price

Rental income & operating costs

Estimated monthly rent

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Vacancy allowance (%) Management fee (%) Maintenance reserve (%) Capital reserve (%)

Annual property tax

Annual insurance

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Monthly HOA

Other monthly costs

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

Down payment (%) Interest rate (%) Loan term

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

A team for what comes next.

Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.

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Make a strong first impression.
Bring together property preparation, professional marketing and applicant screening.
Stay connected to your investment.
Get support with rent collection, resident communication, maintenance coordination and owner reporting.

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Listing information

MLS #627346 · Central Texas MLS

Listing brokerage: Burks Real Estate
Listing agent: Lindy Burks

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.