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$648,173

NAL Estimated Property Value

1009 Midland Drive, Allen, TX, 75013

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,026 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$171.81 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesDishwasher, Disposal, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size4,320 sqft

Building Information

Year Built2016
Stories2
Garage Spaces2

Land Information

APNR-10779-00M-0080-1
Lot Number8
SubdivisionMontgomery Ridge Phase I (Cal)
Land UseResidential
Legal DescriptionMONTGOMERY RIDGE PHASE I (CAL), BLK M, LOT 8
Census Tract031510
Assessed Land Value$162,450
Assessed Improvement Value$485,723
Assessment Year2025

About this property

Fabulous 2016 built home in Montgomery Ridge! Open floor plan with master suite and study downstairs. Designer hardwood floor throughout living, kitchen and study. Upgraded stone fireplace. Silestone quartz countertops, upgraded kitchen cabinets to the ceiling. Beautiful back-splash with vent, pot & pan drawers, built-in wrapped island. Gas drop on back patio. Private master suite with frameless shower & bench. His & her vanities with large walk-in closet. Game room and 3 bedrooms upstairs with 2 bathrooms. Spacious front porch. Mud bench and utility room near the garage. Close to Watters Creek shopping and highway 75.

Investor Tools

Property Icon
$648,173
Estimated Property Value
$329,229Estimated Mortgage Balance
$318,944Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,889 /month
Positive
Cash Flow Estimate:
$1,296 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,129/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,302
$648,173
2025
$162,450
$485,723
$648,173
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,302
$648,173

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wintex Group Llc
Conventional
$364,000
No
First
May 10, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$329,229
$318,944
49%
51%
$2,183/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,140/mo
$2,783/mo
+$357/mo
5.8%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Allen

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1009 Midland Drive | Property Details | No Agent List