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$179,900

1511 Wavecrest Drive, Red Oak, TX, 75154

$193,087 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,605 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$112.09 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size9,030 sqft

Building Information

Year Built2005
Stories1
Roof Type105
Garage Spaces2

Land Information

APN270285000E0130000
Lot Number13
SubdivisionHeritage Lakes
Land UseResidential
Legal DescriptionHERITAGE LAKES PH 1 BLK E LT 13 INT201900105000 DD04252019 CO-DC 0285000E01300 4CE0285000E
Census Tract016623
Assessed Land Value$55,000
Assessed Improvement Value$229,770
Assessment Year2025

About this property

We have received multiple offers. The seller has requested best & final offers be submitted by 5:00pm on Wednesday, March 20th. This fantastic home has been updated and upgraded, and is move-in ready. Wonderful open floor plan with 4 bedrooms, also can use the 4th bedroom as office, playroom, or TV room. Fresh designer paint throughout, new wood plank vinyl flooring in the living room, new carpeting, new ceiling fans, new fixtures and new 2 inch blinds throughout. Kitchen has been totally updated with SS appliances, beautiful granite counter tops and subway tile back-splash. Kitchen offers ample cabinet space with breakfast bar that opens up into the large living area, perfect for entertainment and family fun!

Investor Tools

Property Icon
$284,770
Estimated Property Value
$0Estimated Mortgage Balance
$131,619Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$193,086
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,709 /month
Positive
Cash Flow Estimate:
$570 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$496/month
$121/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,524
$284,770
2025
$55,000
$229,770
$284,770
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,524
$284,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$168,349
Yes
First
Aug 17, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$153,151
$131,619
46%
54%
$1,010/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,710/mo
$1,131/mo
+$1,579/mo
11.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Red Oak

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1511 Wavecrest Drive | Property Details | No Agent List