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$314,344

NAL Estimated Property Value

1038 Port Neches Drive, Little Elm, TX, 75068

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,562 Sq Ft
price_per_sqft$140.85 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Electric Oven, Electric Range, Plumbed For Ice Maker, Refrigerator
FlooringLaminate

Exterior

Lot Size6,909 sqft

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR234075
Lot Number54
SubdivisionMariner Pointe Ph Ii
Land UseResidential
Legal DescriptionMARINER POINTE PH II BLK D LOT 54
Census Tract020126
Assessed Land Value$72,628
Assessed Improvement Value$241,716
Assessment Year2025

About this property

Extremely well maintained home in the heart of Little Elm, just minutes from the lake. This open floor plan is great for family time. The home features a split master bedroom. The huge backyard has an established organic garden ready for spring planting. Relax and enjoy outdoor under the 20x10 cover patio. New installed wood laminate flooring throughout with vinyl planks in bathrooms . At the end of the day, escape to your master retreat where you can enjoy a garden tub, separate shower, and a large walk-in closet. Enjoy the benefit of a well kept home. Roof replaced in 2017. Hot water heater 2015, and foundation repair in Oct 2019. Fridge will convey. Seller will credit buyer $2k for countertop upgrade.

Investor Tools

Property Icon
$314,344
Estimated Property Value
$179,676Estimated Mortgage Balance
$134,668Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,886 /month
Positive
Cash Flow Estimate:
$629 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$549/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,021
$314,344
2025
$72,628
$241,716
$314,344
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,021
$314,344

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$205,200
No
First
Jan 2, 2020
Feb 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$179,676
$134,668
42%
57%
$1,231/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$1,231/mo
+$1,639/mo
11.0%

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: Little Elm

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1038 Port Neches Drive | Property Details | No Agent List