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$491,517

NAL Estimated Property Value

1405 Vanish Point, Little Elm, TX, 75068

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,123 Sq Ft
price_per_sqft$246.82 / sqft
Year BuiltBuilt in 2000

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, Gas Range, Refrigerator
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size15,769 sqft

Building Information

Year Built2000
Stories1
Roof Type105
Garage Spaces4

Land Information

APNR200988
Lot Number83
SubdivisionShell Beach
Land UseResidential
Legal DescriptionSHELL BEACH BLK A LOT 83
Census Tract020127
Assessed Land Value$191,307
Assessed Improvement Value$300,210
Assessment Year2025

About this property

INCREDIBLE LOCATION – Custom home on .36 acres nestled in a cul-de-sac in a highly desirable lakeside community offering trails to the lake and within walking distance to Cottonwood Creek Marina, Little Elm Park and restaurants. Very well maintained home with 3 beds, 2 baths plus an office with a rare screened porch allowing you to enjoy some bug free time outdoors to relax and take in the large backyard with beautiful grass and plantings. A special treat is 4 covered parking spots that include detached 22x24 workshop with matching brick, heat, air conditioning, fully insulated with insulated garage door, and separate breaker with 220 and 110 volt circuits. Plus, a parking pad behind a swing gate for a boat, RV, trailer, jet skis. NEW ROOF and gutters Aug 2022. Check attached upgrade list for a more comprehensive list of updates. Don't miss the opportunity to make this your new home!

Investor Tools

Property Icon
$491,517
Estimated Property Value
$380,870Estimated Mortgage Balance
$110,647Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,144 /month
Positive
Cash Flow Estimate:
$1,048 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$975/month
$125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,245
$491,517
2025
$191,307
$300,210
$491,517
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,245
$491,517

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cason Home Loans
Conventional
$408,000
No
First
Oct 24, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$380,870
$110,647
22%
77%
$2,447/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$2,572/mo
+$298/mo
7.0%

Learn About the Market: Opportunity in Texas

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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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1405 Vanish Point | Property Details | No Agent List