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$373,000

NAL Estimated Property Value

1620 University Drive, Richardson, TX, 75081

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,612 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.6 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven, Electric Oven, Gas Cooktop, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool

Building Information

Year Built1972
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42245500010110000
SubdivisionUniversity Estates Rev
Land UseResidential
Legal DescriptionUNIVERSITY ESTATES 1 REV BLK 1 LOT 11 INT202000039930 DD02102020 CO-DC 2455000101100 3CR24550001
Census Tract019023
Assessment Year2025

About this property

CHARMING UPDATED HOME in desired neighborhood and RISD. Nice open floor plan with view of beautiful backyard pool. Crown molding trough out. No popcorn ceiling! Stainless steel appliances with double oven in lovely kitchen. Double sink vanities in both master and guest bathrooms. Minutes to major highways, restaurants, and shopping center.

Investor Tools

Property Icon
$373,000
Estimated Property Value
$228,141Estimated Mortgage Balance
$144,859Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,238 /month
Positive
Cash Flow Estimate:
$746 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$628/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,674
$356,980
2025
N/A
N/A
$356,980
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,674
$356,980

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Member Home Loan
Conventional
$260,000
No
First
Feb 10, 2020
Mar 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$228,141
$144,859
38%
61%
$1,559/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,559/mo
+$751/mo
7.4%

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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1620 University Drive | Property Details | No Agent List