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$870,000

NAL Estimated Property Value

1040 Mondamin Dr, Allen, TX, 75013

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,325 Sq Ft
price_per_sqft$189.47 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size8,591 sqft

Building Information

Year Built2016
Stories2
Garage Spaces3

Land Information

APNR-10779-00R-0070-1
Lot Number7
SubdivisionMontgomery Ridge Phase I (Cal)
Land UseResidential
Legal DescriptionMONTGOMERY RIDGE PHASE I (CAL), BLK R, LOT 7
Census Tract031510
Assessed Land Value$228,000
Assessed Improvement Value$579,167
Assessment Year2025

About this property

Enchanting Allen home on lovely greenbelt! Arched doorways open to a sunny living room & kitchen with panoramic views of the wooded greenbelt. The kitchen features an oversized island, farm sink, gas cook top & a large pantry. This home boasts 4 Bedrooms, 3.5 baths, a study & upstairs game room. A split BR plan affords the Primary bedroom suite privacy w wide open views of the back yard & a huge closet connecting to the separate utility room. One guest bedroom features its own bath while the other two bedrooms share a bath. The half bath is in the hall. The study could be an office or flex space. The home also sides to jogging paths and has a nice park across the street. 3 car tandem garage. Schedule Today!!!

Investor Tools

Property Icon
$870,000
Estimated Property Value
$470,860Estimated Mortgage Balance
$399,140Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,220 /month
Positive
Cash Flow Estimate:
$1,740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,485/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,471
$807,167
2025
$228,000
$579,167
$807,167
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,471
$807,167

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Stand Alone Second / Subordinate Position
$475,000
No
First
Nov 26, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$470,860
$399,140
45%
54%
$2,848/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,140/mo
$3,348/mo
$-208/mo
4.3%

Learn About the Market: Opportunity in Texas

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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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1040 Mondamin Dr | Property Details | No Agent List