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Owner Contacts

$367,000

NAL Estimated Property Value

1135 Midway Drive, Richardson, TX, 75081

Off Market

3 Beds

2 Bath

1,610 Sq Ft

$217.39 / sqft

Built in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Gas Oven, Gas Range, Gas Water Heater, Microwave

FlooringCarpet, Ceramic Tile, Hardwood, Vinyl, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard

Lot Size8,710 sqft

Building Information

Year Built1977

Stories1

Roof Type105

Garage Spaces2

Land Information

APN42074900040120000

Lot Number12

SubdivisionGlenville Manor Rev

Land UseResidential

Legal DescriptionGLENVILLE MANOR REV BLK D LT 12 INT202200307118 DD12022022 CO-DC 0749000401200 3CR07490004

Census Tract019039

Assessed Land Value$100,000

Assessed Improvement Value$252,340

Assessment Year2025

About this property

MULTIPLE OFFERS, FINAL & BEST DUE BY 7 PM ON 11.7.22. Fabulous single story home situated in established community of Glenville Manor in RICHARDSON ISD!! UPGRADES: 2017 windows, 2016 roof, 2020 breaker box, 2020 scraped ceiling & fresh paint, 2020 water heater, 2020 remodeled Kitchen, 2021 exterior AC unit, insulation & 2 new ducks + 2022 gas range! Inside showcases a wonderful open flowing floorplan w-rich hardwood floors! Enjoy entertaining in the Living room w-a warming fireplace, high ceilings & neutral painted walls! Light & Bright Kitchen w-pristine white cabs, butcher block countertops, SS apps, gas cooktop, hexagonal terracotta tile flooring + a sliding door that opens to the beautiful backyard. Spacious Dining! 2nd Living Area, makes a great game room! Private Master Suite w-an en-suite bath! 2 full Bathrooms w-quartz! Dual Guest Bedrooms are both nicely sized! OVER-SIZED PRIVATE BACKYARD w-an open patio! Great Location, just minutes to Hwy 75 & easy access to downtown!

Investor Tools

$367,000

Estimated Property Value

$319,055Estimated Mortgage Balance

$47,945Estimated Equity

13% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,202 /month

Positive

Cash Flow Estimate:

$734 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$547/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,726

$352,340

2025

$100,000

$252,340

$352,340

Tax History

Year

Tax Paid

Assessed Value

2024

$4,726

$352,340

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Texas Security Bank

Building Or Construction Loan

$340,575

First

Dec 2, 2022

Jan 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$319,055

$47,945

13%

87%

$2,042/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,310/mo

$2,042/mo

+$268/mo

7.6%

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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