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$326,000

NAL Estimated Property Value

1200 Redbud Street, Little Elm, TX, 75068

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths753 Sq Ft
price_per_sqft$265.47 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating GasHeating Gas
AppliancesElectric Range, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters
Lot Size5,001 sqft

Building Information

Year Built1969
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR44577
Lot Number60
SubdivisionRocky Point Annex
Land UseResidential
Legal DescriptionROCKY POINT ANNEX LOT 60
Census Tract020115
Assessed Land Value$80,000
Assessed Improvement Value$157,623
Assessment Year2025

About this property

Good news, inspection was perfect. Bad news, Buyer financing fell through! Looking for that rare property with practically two separate homes in one? This cozy home has gorgeous interior finishes, vaulted ceilings, natural light, beautiful wood floors, and a state of the art bath. The detached garage comes with kitchenette, full bath downstairs, loft and second full bath upstairs, and a balcony for relaxing. Decorative lighting throughout both home and garage. If you are looking for a place for guests, parents, teens, etc. to have their own independent space that is located in a quiet interior neighborhood THIS is the place. Buyer and or Buyer's Agent to Verify all data contained in this listing.

Investor Tools

Property Icon
$326,000
Estimated Property Value
$153,895Estimated Mortgage Balance
$172,105Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,956 /month
Positive
Cash Flow Estimate:
$652 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$283/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,770
$233,922
2025
$80,000
$157,623
$237,623
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,770
$233,922

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Financial Network Inc
Fha
$171,830
Yes
First
Dec 10, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$153,895
$172,105
52%
47%
$1,031/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,930/mo
$1,031/mo
+$899/mo
7.1%

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: Little Elm

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1200 Redbud Street | Property Details | No Agent List