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$393,000

1305 Red River Ln, Allen, TX, 75002

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,840 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.19 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh 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, Refrigerator
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool

Building Information

Year Built2006
Stories1
Garage Spaces2

Land Information

APNR-8741-00E-0290-1
Lot Number29
SubdivisionSilhouette Phase 1 (Cal)
Land UseResidential
Legal DescriptionSILHOUETTE PHASE 1 (CAL), BLK E, LOT 29
Census Tract031413
Assessed Land Value$112,500
Assessed Improvement Value$261,655
Assessment Year2025

About this property

AVAILABLE FOR MOVE IN NOW. Included Refrigerator,. New laminate floor on all bedrooms . Beautiful single story home in perfect location close to highway, shopping centers, schools, parks. Open floor plan with huge living room and huge kitchen with many updated included wood floor, elaborate tile, ceiling fans, lights fixtures. High efficiency 13 seer heat pump Hvac system. Pet accepted.

Investor Tools

Property Icon
$393,000
Estimated Property Value
$120,000Estimated Mortgage Balance
$302,417Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,358 /month
Positive
Cash Flow Estimate:
$786 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$774/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,321
$374,155
2025
$112,500
$261,655
$374,155
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,321
$374,155

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Conventional
$120,000
No
First
Feb 5, 2015
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$90,583
$302,417
76%
23%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,570/mo
N/A
+$2,570/mo
7.8%

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: Allen

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1305 Red River Ln | Property Details | No Agent List