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$325,000

NAL Estimated Property Value

1516 Hendrick Dr, Plano, TX, 75074

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,445 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$224.91 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
FlooringCarpet, Tile, Vinyl

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-0447-004-0100-1
Lot Number10
SubdivisionRidgewood Section Six (Cpl)
Land UseResidential
Legal DescriptionRIDGEWOOD SECTION SIX (CPL), BLK D, LOT 10
Census Tract032010
Assessed Land Value$78,750
Assessed Improvement Value$190,735
Assessment Year2025

About this property

Tucked into an established Plano neighborhood with mature trees, this beautifully updated home offers a comfortable layout, stylish finishes, and a location that makes everyday life easy. Inside, the home feels bright and welcoming, with spacious living areas that are perfect for both quiet nights at home and entertaining. The family room is filled with natural light and centered around a beautiful fireplace that adds warmth and character to the space. The remodeled kitchen is a standout, featuring new countertops, custom white oak cabinetry, modern hardware, and stainless steel appliances. It opens to the dining and living areas, creating a natural flow throughout the main living space. Additional updates include modern lighting, luxury vinyl flooring, designer finishes, and a fresh, clean look from room to room. The flexible floor plan offers plenty of space for family, guests, or a home office. Both bathrooms have also been recently updated with new tile, vanities, and fixtures. For added peace of mind, the HVAC system was replaced in 2024. Out back, the private yard provides plenty of room to relax, play, or gather with friends. The home is conveniently located near shopping, dining, parks, and entertainment, with quick access to US-75 and President George Bush Turnpike. Move-in ready and full of thoughtful updates, this is a home that feels just as good as it looks.

Investor Tools

Property Icon
$325,000
Estimated Property Value
$243,150Estimated Mortgage Balance
$82,202Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$210/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$894
$269,485
2025
$78,750
$190,735
$269,485
No

Tax History

Year
Tax Paid
Assessed Value
2024
$894
$269,485

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mustang Credit Solutions Llc
Commercial
$243,500
No
First
May 1, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$243,150
$66,850
21%
75%
$1,460/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,260/mo
$1,460/mo
+$800/mo
8.3%

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: Plano

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1516 Hendrick Dr | Property Details | No Agent List