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$398,342

NAL Estimated Property Value

1625 Flamingo Drive, Little Elm, TX, 75068

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,673 Sq Ft
price_per_sqft$102.88 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Plumbed For Ice Maker
FlooringCeramic Tile, Laminate

Exterior

Lot Size5,502 sqft

Building Information

Year Built2007
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR280221
Lot Number67
SubdivisionPaloma Creek South Ph 1
Land UseResidential
Legal DescriptionPALOMA CREEK SOUTH PH 1 BLK E LOT 67
Census Tract020137
Assessed Land Value$99,000
Assessed Improvement Value$299,342
Assessment Year2025

About this property

Multiple offers received. Covered front porch, covered patio, stainless steel appliances (gas), ceramic tile backsplash in kitchen, 42 raised panel maple cabinets, ceramic tile fireplace, crown molding, ceramic tile in all wet areas, separate garden tub-shower with double vanity sink, full sprinkler system and security system, recess lighting, elongated commodes. The tenant occupied the property. Monthly rent is $2,200. For investors, the tenant may continue to lease the house. The lease will expire Feb 28 2021. The house is sold as is. No repair negotiations. The sellers prefer to have offers before making appointment with tenant to view the house. Please add another seller's name Zhiqin Dai on the offer.

Investor Tools

Property Icon
$398,342
Estimated Property Value
$185,090Estimated Mortgage Balance
$213,252Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,390 /month
Positive
Cash Flow Estimate:
$797 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$847/month
$335/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,167
$398,342
2025
$99,000
$299,342
$398,342
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,167
$398,342

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Unknown
$206,250
No
First
Jan 27, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$185,090
$213,252
53%
46%
$1,237/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,750/mo
$1,572/mo
+$2,178/mo
11.3%

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.

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: Little Elm

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