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$419,000

NAL Estimated Property Value

1603 Richforest Dr, Richardson, TX, 75081

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,115 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.42 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Double Oven, Refrigerator
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Lot Size7,296 sqft

Building Information

Year Built1975
Stories2
Roof Type105
Garage Spaces2

Land Information

APN42008500270300000
Lot Number30
SubdivisionArapaho East 2nd
Land UseResidential
Legal DescriptionARAPAHO EAST 4 2ND INST BLK 27 LT 30 INT200600414662 DD10262006 CO-DC 0085002703000 3CR00850027
Census Tract019037
Assessed Land Value$90,000
Assessed Improvement Value$275,700
Assessment Year2025

About this property

Beautifully maintained 5-bedroom, 3-bathroom home with a sparkling POOL is now available FOR LEASE! Thoughtfully designed, it offers the perfect setup for MULTI-GENERATIONAL LIVING with a convenient downstairs bedroom and full bath. Or the versatile 5th bedroom can be used as a second living area, playroom, workout space, or study—whatever suits your needs.The spacious primary suite includes two closets, and the large backyard is ideal for both entertaining and relaxing. POOL MAINTENANCE AND FRIDGE ARE INCLUDED for your convenience. Located within walking distance to Yale Elementary and Yale Park. Enjoy easy access to highways and nearby shopping, plus ample parking or storage with an attached garage. Don’t miss this fantastic rental opportunity!

Investor Tools

Property Icon
$419,000
Estimated Property Value
$0Estimated Mortgage Balance
$419,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,514 /month
Positive
Cash Flow Estimate:
$838 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$546/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,456
$365,700
2025
$90,000
$275,700
$365,700
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,456
$365,700

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$419,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
N/A
+$2,310/mo
6.6%

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: Richardson

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1603 Richforest Dr | Property Details | No Agent List