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$307,258

1607 Alexander Dr, Waxahachie, TX, 75165

$339,228 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,732 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.95 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Double Oven

Exterior

Lot Size12,371 sqft

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces2

Land Information

APN90.2966.010.008.00.112
Lot Number8
SubdivisionChapman Place Unit 5
Land UseResidential
Legal DescriptionLOT 8 BLK 10 CHAPMAN PLACE UNIT 5 .284 AC
Census Tract060601
Assessed Land Value$70,000
Assessed Improvement Value$237,258
Assessment Year2025

About this property

It would be hard to outgrow this lovely home in the original Chapman Place subdivision. Well established, quiet neighborhood. Mature trees line the streets to this neighborhood with rear entry driveways. This home has multiple living areas, lots of storage and tons of room to grow. Formal living and dining room combination. The main family room in the center of the home has a cozy fireplace. The back porch was enclosed and has lots of windows for a nice sunroom. There is yet another large room that was converted from the original two car garage. This could easily be converted back if needed but the locked storage area rivals any garage and has electricity. All areas have central heat and air. Large fenced backyard. Open House both Saturday & Sunday Sept 16 Sept 17 from 2:00- 4:00 pm

Investor Tools

Property Icon
$307,258
Estimated Property Value
$235,000Estimated Mortgage Balance
$73,962Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$339,228
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,844 /month
Positive
Cash Flow Estimate:
$615 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$647/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,231
$307,258
2025
$70,000
$237,258
$307,258
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,231
$307,258

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fmf Revocable Trust
Unknown
$235,000
No
First
Dec 6, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$233,296
$73,962
24%
76%
$1,409/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,409/mo
+$563/mo
7.7%

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: Waxahachie

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1607 Alexander Dr | Property Details | No Agent List