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$1,299,000

10720 FM 1385, Pilot Point, TX, 76258

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths3,488 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$372.42 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Tankless Water Heater
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size5.25 acres

Building Information

Year Built2016
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR163363
Lot Number3
SubdivisionAubrey Ranch Estates
Land UseAgriculture / Farming
Legal DescriptionAUBREY RANCH ESTATES BLK 1 LOT 3
Census Tract020129
Assessed Land Value$534,612
Assessed Improvement Value$362,443
Assessment Year2025

About this property

Investment Opportunity – Tenant Occupied on 5.04 Acres in the High-Growth FM 1385 Corridor. This property is being offered as an investment purchase only and is currently tenant occupied with monthly rental income of $3,850. The buyer must assume the existing lease, which has approximately 2 years remaining. Situated on 5.04 acres, this stunning two-story home offers immediate cash flow along with exceptional long-term appreciation potential in one of North Texas' fastest-growing corridors. The home features vaulted ceilings, an open-concept floor plan, abundant natural light, 4 bedrooms, 2 bathrooms, a spacious game room or second living area, media room, workout room, additional office or flex space, and a grand primary suite with a large walk-in closet and direct access to the backyard terrace. A covered back porch provides the perfect setting for outdoor entertaining while enjoying expansive acreage views. Investment Highlights. ±5.04 acres with direct frontage along the rapidly expanding FM 1385 corridor Current rental income of $3,850 per month Existing tenant and lease in place for immediate cash flow Professional property management currently in place Strong holding income while benefiting from future growth and development Located in the path of major residential and commercial expansion. Area Growth & Development TxDOT-funded FM 1385 expansion underway, widening from 2 lanes to a 4-lane divided roadway with future 6-lane capacity Approximately 1–2 miles from H-E-B's planned 95-acre development at FM 1385 & Mustang Road Near the Dallas North Tollway Extension (Phase 4A currently under construction with expected completion in Fall 2027) Positioned within the rapidly growing Pilot Point Celina growth corridor. This property offers a rare combination of immediate rental income, acreage ownership, and long-term development potential in one of the most active growth corridors in North Texas.

Investor Tools

$587,831Estimated Mortgage Balance
$309,224Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,794 /month
Positive
Cash Flow Estimate:
$2,598 /month

Interested in this property?

Sesha Gorantla

Sun Star Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,198/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,892
$897,055
2025
$534,612
$362,443
$897,055
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,892
$897,055

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$593,000
No
First
Dec 29, 2025
Jan 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$587,831
$309,224
34%
66%
$3,556/mo

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.

Explore Texas Explore This Area
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: Pilot Point

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10720 FM 1385 | Property Details | No Agent List