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$488,000

1170 Pelican Dr, Frisco, TX, 75033

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,172 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.24 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Lot Size7,440 sqft

Building Information

Year Built2005
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR258250
Lot Number14
SubdivisionGrayhawk Ph X
Land UseResidential
Legal DescriptionGRAYHAWK PH X BLK CC LOT 14
Census Tract020110
Assessed Land Value$152,520
Assessed Improvement Value$314,479
Assessment Year2025

About this property

Welcome home to this wonderful home with a flowing floor plan that has your kitchen opening to the living room is ideal for entertaining and a recently updated bathroom. The spacious game room upstairs with a half bath is a location for a media room as well. The formal dining would also double as a wonderful study if you need to utilize that space differently. The kitchen features granite countertops and lots of cabinet space. Walking distance to local parks and ponds. Lawn care IS included in the rent!!

Investor Tools

Property Icon
$488,000
Estimated Property Value
$196,000Estimated Mortgage Balance
$340,490Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,928 /month
Positive
Cash Flow Estimate:
$976 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$275/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$864
$466,999
2025
$152,520
$314,479
$466,999
No

Tax History

Year
Tax Paid
Assessed Value
2024
$864
$466,999

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wr Starkey Mortgage Llp
Conventional
$196,000
No
First
Jan 21, 2015
Feb 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$147,510
$340,490
69%
30%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,130/mo
N/A
+$2,130/mo
5.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Frisco

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1170 Pelican Dr | Property Details | No Agent List