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$249,000

1218 Richland Oaks Drive, Richardson, TX, 75081

$323,700 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,894 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.47 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size5,500 sqft

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42209800060120000
Lot Number12
SubdivisionRichland Oaks 2nd
Land UseResidential
Legal DescriptionRICHLAND OAKS 2ND INST BLK F LOT 12 INT201800318468 DD12032018 CO-DC 2098000601200 3CR20980006
Census Tract019041
Assessed Land Value$105,000
Assessed Improvement Value$273,000
Assessment Year2025

About this property

This well maintained home is ready for new family in this sought after Richardson location. Great floor plan features wet bar and large open living, dining room and is great for entertaining. The master features his and her closets and separate sink and dressing area. Secondary bedroom makes a great office or second living room with built in desk. The atrium allows natural light to brighten the interior. Enjoy your private treed backyard with covered patio in this easy to maintain patio home. Garage has extra storage closet. New roof coming Nov 1st, home also has transferrable foundation warranty

Investor Tools

Property Icon
$378,000
Estimated Property Value
$0Estimated Mortgage Balance
$200,671Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$323,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,268 /month
Positive
Cash Flow Estimate:
$756 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$592/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,219
$378,000
2025
$105,000
$273,000
$378,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,219
$378,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sierra Pacific Mortgage Co Inc
Conventional
$205,150
No
First
Jul 15, 2019
Aug 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$177,329
$200,671
53%
47%
$1,230/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,230/mo
+$1,080/mo
7.3%

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: Richardson

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