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$386,824

NAL Estimated Property Value

1408 Red Drive, Little Elm, TX, 75068

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,852 Sq Ft
price_per_sqft$156.32 / sqft
Year BuiltBuilt in 2008

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
AppliancesMicrowave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size5,502 sqft

Building Information

Year Built2008
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR312274
Lot Number27
SubdivisionFrisco Ranch Ph 3b
Land UseResidential
Legal DescriptionFRISCO RANCH PH 3B BLK M LOT 27
Census Tract020133
Assessed Land Value$87,038
Assessed Improvement Value$311,099
Assessment Year2025

About this property

MULTIPLE OFFERS IN! FRISCO ISD!! Under $300k - Great floorplan with 3 bedrooms, formal dining (used as a home office)...Large master with a separate sitting area (also used as a home office)... Great kitchen with Granite counters, breakfast bar, lots of cabinets! Ideal floorplan for entertaining family & friends! Split bedrooms! Master bath with oversized shower & jetted tub! Covered front porch! Back patio is covered & a portion that is finished with stone & a a great area for a fire pit!! Great location with easy access to shopping, restaurant's & access hwys! Must see to appreciate this great home!

Investor Tools

Property Icon
$386,824
Estimated Property Value
$189,234Estimated Mortgage Balance
$197,590Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,321 /month
Positive
Cash Flow Estimate:
$774 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$369/month
$360/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,490
$386,824
2025
$87,038
$311,099
$398,137
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,490
$386,824

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$211,710
No
First
Nov 18, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$189,234
$197,590
51%
49%
$1,270/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$1,630/mo
+$1,240/mo
8.9%

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: Little Elm

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1408 Red Drive | Property Details | No Agent List