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B+
NoAgentList RatingHow are grades calculated? Info

$395,000

1408 Pelican Dr, Little Elm, TX, 75068

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,265 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$174.39 / sqft
Year BuiltBuilt in 2010

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Oven, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size5,750 sqft

Building Information

Year Built2010
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR531102
Lot Number14
SubdivisionPaloma Creek South Ph 2
Land UseResidential
Legal DescriptionPALOMA CREEK SOUTH PH 2 BLK N LOT 14
Census Tract020137
Assessed Land Value$103,464
Assessed Improvement Value$305,195
Assessment Year2025

About this property

Discover comfort and style in this recently updated 4-bed or 3 bed and Office with Closet, 2.5-bath delightful home. Brand new paint and carpet with 20x20 tile, it features 12ft ceilings and an inviting open concept from kitchen to living area. Updated color scheme kitchen cabinets with a gas stove, and granite counter tops for those who love to cook and still be engaged with the family in living area. A painted stone fireplace adds warmth in the spacious living area, while the covered patio offers a quiet serene retreat. This home seamlessly combines modern luxury with the tranquility of its surroundings. Don't miss the opportunity to make this house your home, a place where modern luxury meets tranquility, Nestled in a peaceful neighborhood, just a stone's throw away from the lake, this property is a perfect blend of sophistication and comfort. Community features include amenities centers, pools, trails, fitness centers, and parks.

Investor Tools

Property Icon
$408,659
Estimated Property Value
$355,500Estimated Mortgage Balance
$68,165Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,452 /month
Positive
Cash Flow Estimate:
$817 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$825/month
$185/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,859
$408,659
2025
$103,464
$305,195
$408,659
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,859
$408,659

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Third Coast Bank Ssb
Conventional
$355,500
No
First
Jan 19, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$340,494
$68,165
16%
83%
$2,132/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$2,317/mo
+$553/mo
8.4%

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: Little Elm

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1408 Pelican Dr | Property Details | No Agent List