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$322,000

NAL Estimated Property Value

1610 Martin Lake Dr, Richmond, TX, 77406

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,733 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$193.31 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Oven, Microwave, Electric Range, Dishwasher
FlooringTile, Wood

Exterior

Lot Size6,746 sqft

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces1

Land Information

APN9163-09-002-0550-907
Lot Number55
SubdivisionWaterside Estates Sec 9
Land UseResidential
Legal DescriptionWATERSIDE ESTATES SEC 9, BLOCK 2, LOT 55
Census Tract673501
Assessed Land Value$45,760
Assessed Improvement Value$243,934
Assessment Year2025

About this property

This charming one-story home features so many upgrades! Quartz kitchen counters, subway tile backsplash, wood and tile flooring throughout, upgraded crown moulding, baseboards, recessed lighting, built-in entertainment center, mini mud shelves, cabinetry in the front hall. Spacious walk-in closets with built ins too, including a wow primary closet you can only dream about for all your clothing and accessories. Walk out the backdoor and you will find a grand covered porch complete with recessed lighting, fan, and shiplap ceiling! Be ready to entertain for every event! The house also offers faux wood blinds on all windows, upgraded faucets, fixtures, and hardware. Wonderful fenced backyard with no back neighbors. Located in popular Waterside Estates close to all the local conveniences right off Grand Parkway. Shopping, food, & fun..you are close to everything! Don't miss out on seeing this remarkable home, book your showing today!

Investor Tools

Property Icon
$322,000
Estimated Property Value
$223,445Estimated Mortgage Balance
$98,555Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,010 /month
Positive
Cash Flow Estimate:
$670 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$348/month
$770/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,560
$289,694
2025
$45,760
$243,934
$289,694
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,560
$289,694

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$228,500
No
First
Feb 25, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$223,445
$101,555
31%
69%
$1,370/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$2,140/mo
$-20/mo
7.9%

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: Richmond

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1610 Martin Lake Dr | Property Details | No Agent List