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$364,000

1204 Richland Oaks Dr, Richardson, TX, 75081

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,698 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$212.01 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCarpet, Wood

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size1.15 acres

Building Information

Year Built1979
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42209900070050000
Lot Number5
SubdivisionRichland Oaks 3rd
Land UseResidential
Legal DescriptionRICHLAND OAKS 3RD INST BLK G LOT 5 INT202400198515 DD09302024 CO-DC 2099000700500 3CR20990007
Census Tract019041
Assessed Land Value$105,000
Assessed Improvement Value$254,990
Assessment Year2025

About this property

This home just needs a little cosmetic remodeling before it becomes perfect for an owner occupant or landlord. It is set in a very charming neighborhood and appeals to those seeking a low maintenance lifestyle. Primary bedroom is large and offers an en-suite bathroom with a huge walk-in closet. Secondary bedrooms are split from the primary and are near the hallway full bathroom. The laundry space can accommodate full size washer and dryer without needing to be stacked. The spacious living room has a fireplace and access to the covered side patio, which connects to the rear grassy backyard. Kitchen has some newer appliances and granite counters and has a pass-through to the dining space. The cute interior courtyard could potentially be closed in if the new owner wants more square footage. Roof and AC were replaced in 2020. Make an appointment to see this home today! At this price, you are getting immediate equity. Check the comps.

Investor Tools

Property Icon
$364,000
Estimated Property Value
$287,992Estimated Mortgage Balance
$84,575Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,184 /month
Positive
Cash Flow Estimate:
$728 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$590/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$359,990
2025
$105,000
$254,990
$359,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$359,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$287,992
No
First
Sep 30, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$279,425
$84,575
23%
77%
$1,727/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,727/mo
+$583/mo
7.6%

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: Richardson

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1204 Richland Oaks Dr | Property Details | No Agent List