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$375,000

1236 Derby Dr, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,324 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$283.23 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Gas Water Heater, Convection Oven
FlooringVinyl

Exterior

Exterior FeaturesRain Gutters, Private Yard, Other
Lot Size6,048 sqft

Building Information

Year Built1967
Stories1
Roof Type105
Garage Spaces1

Land Information

APN42160500600360000
Lot Number36
SubdivisionRichardson Heights
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 7 BLK 60 LT 36 VOL86049 PG4151 CO-DALLAS 1605006003600 34216050060
Census Tract019215
Assessed Land Value$120,000
Assessed Improvement Value$214,650
Assessment Year2025

About this property

Welcome to this updated and move-in ready 4-bedroom, 2-bath home offering a bright, functional layout designed for comfortable everyday living. NEW ROOF & HVAC! Step inside to discover luxury vinyl plank flooring, fresh neutral finishes, abundant natural light, and a spacious living room anchored by a cozy fireplace. Large glass doors overlook the backyard and create a seamless connection between indoor and outdoor living. The updated kitchen features refreshed cabinetry, stainless steel appliances, a stylish backsplash, and a charming breakfast nook surrounded by windows. The spacious primary suite offers a private retreat with an ensuite bath, while secondary bedrooms provide flexibility for family, guests, or a home office. Step outside to an oversized backyard complete with an impressive covered deck, creating the perfect setting for year-round entertaining, outdoor dining, or relaxing with family and friends. Beyond the deck, the expansive yard offers plenty of room for pets, play, gardening, or future outdoor additions. Conveniently located near shopping, dining, parks, and major highways, this move-in-ready home offers the perfect blend of comfort, functionality, and value. *$5K seller concession available for buyer closing costs and or interest rate buy-down with acceptable offer!*

Investor Tools

Property Icon
$370,000
Estimated Property Value
$234,810Estimated Mortgage Balance
$0Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$278/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,483
$334,650
2025
$120,000
$214,650
$334,650
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,483
$334,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Liberty Capital Bank
Unknown
$234,810
No
First
Apr 27, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$468,266
N/A
0%
127%
$2,816/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$2,816/mo
$-776/mo
6.6%

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.

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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: Richardson

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1236 Derby Dr | Property Details | No Agent List