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$445,000

NAL Estimated Property Value

120 Falcon Ridge Drive, Waxahachie, TX, 75165

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,048 Sq Ft
price_per_sqft$153.81 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Refrigerator
FlooringCarpet, Laminate, Linoleum

Exterior

Private PoolPrivate Pool
Exterior FeaturesRV Hookup, Storage
Lot Size36,285 sqft

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00.4026.903.002.00.111
Lot Number2
SubdivisionFalcon Ridge Farm Ph I
Land UseResidential
Legal DescriptionLOT 2 BLK C FALCON RIDGE FARM PH I 0.833 ACRES
Census Tract060219
Assessed Land Value$108,000
Assessed Improvement Value$220,733
Assessment Year2025

About this property

***MULTIPLE OFFERS ALREADY - SUBMIT HIGHEST & BEST NO LATER THAN MONDAY (5.23.22)!!!*** Spectacular 4 BDR, 3 BA Double-Wide Mobile Home ready for the new owner to come in and make it their own. Home offers a very open concept and partially updated. Home sits on an acre lot with 20' x 30' Shop with 20' overhang for covered parking, in ground pool with slide, chicken coop, additional storage buildings with RV connections.

Investor Tools

Property Icon
$445,000
Estimated Property Value
$231,335Estimated Mortgage Balance
$213,665Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,670 /month
Positive
Cash Flow Estimate:
$890 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$470/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,413
$328,733
2025
$108,000
$220,733
$328,733
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,413
$328,733

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$249,600
No
First
Jun 21, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$231,335
$213,665
48%
52%
$1,497/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,497/mo
+$1,075/mo
6.9%

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: Waxahachie

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120 Falcon Ridge Drive | Property Details | No Agent List