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$438,000

NAL Estimated Property Value

1610 Drake Drive, Richardson, TX, 75081

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,726 Sq Ft
price_per_sqft$168.02 / sqft
Year BuiltBuilt in 1978

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
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Washer, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size8,500 sqft

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42255700080160000
Lot Number16
SubdivisionUniversity
Land UseResidential
Legal DescriptionUNIVERSITY ESTATES WEST 2ND INST BLK 8 LOT 16 INT201900181818 DD07082019 CO-DC 2557000801600 3CR25570008
Census Tract019023
Assessed Land Value$108,000
Assessed Improvement Value$300,930
Assessment Year2025

About this property

Immaculate home on a stunning creek lot in the University Estates addition of Richardson! This 3 bed 2 bath home comes w~ two living areas, hardwood & ceramic flooring throughout common areas, plantation shutters, decorative lighting, vaulted ceilings, & tons of natural light! Spotless kitchen features Granite counters, stainless gas range, beautiful tile backsplash, cabinet under lighting, & tons of cabinet space. Relaxing master bedroom w~ granite counters, dual sinks, separate frameless tile shower, & walk-in closet! Large landscaped backyard w~ covered patio & board on board privacy fence. Utility room has room for a freezer. Community amenities feature a jogging Trail, tennis courts, Greenbelt, & Parks.

Investor Tools

Property Icon
$438,000
Estimated Property Value
$200,279Estimated Mortgage Balance
$237,721Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,628 /month
Positive
Cash Flow Estimate:
$876 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$631/month
$25/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,378
$408,930
2025
$108,000
$300,930
$408,930
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,378
$408,930

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Integrity Mortgage Corporation Of Texas
Conventional
$231,700
No
First
Jul 8, 2019
Aug 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,279
$237,721
54%
46%
$1,390/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,415/mo
+$895/mo
6.3%

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.

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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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1610 Drake Drive | Property Details | No Agent List