4 Gillen Court

Lampasas, TX 76550

$245,000

3 beds
2 baths
1,348 sq ft
0.25 acres
Built 1970

Listed by eXp Realty · MLS #628356

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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4 Gillen Court, Lampasas, TX 76550 · MLS #628356

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

Inside, wood-look plank floors and soft neutral walls carry you from the living room to a dining space with a warm wood accent wall.

Details worth a look

Slide the glass doors open and you are on a wide concrete patio looking out at a big, shady backyard with a storage shed for tools and weekend gear.

Year built

Built in 1970.

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

THE PROPERTY

Get to know the property.

Some homes take convincing. This one just takes a walk through. A single-story brick home on a court in Lampasas, tucked under mature shade trees with room to breathe. Inside, wood-look plank floors and soft neutral walls carry you from the living room to a dining space with a warm wood accent wall. The kitchen is the one people remember: blue cabinetry, white counters, and matte black hardware that ties it all together. Slide the glass doors open and you are on a wide concrete patio looking out at a big, shady backyard with a storage shed for tools and weekend gear. A long covered carport keeps the Texas sun off your car. Quiet mornings out back. Slow evenings under the trees. Come see it and you will get it.

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THE NEIGHBORHOOD

Explore the location.

4 Gillen Court, Lampasas, TX 76550

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THE DETAILS

The details, all in one place.

Property type: Residential
Category: Residential
Year built: 1970
Full baths: 2
Half baths: 0
Garage spaces: 0
Cooling: CentralAir,Electric,OneUnit
Heating: Central,Electric
Appliances: Dishwasher,GasWaterHeater,SomeElectricAppliances,Microwave
Flooring: LuxuryVinylPlank,Tile
Utilities: ElectricityAvailable,NaturalGasAvailable,TrashCollectionPublic
Exterior: Patio,Storage
Fencing: ChainLink
Accessibility: NoStairs
Pool features: None
Spa: No
Subdivision: Western Hills
Parcel: 2819
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$1,020.83

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 #628356 · Central Texas MLS

Listing brokerage: eXp Realty
Listing agent: Sandee Payne

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