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$274,200

1906 Water Fall Way, Wylie, TX, 75098

$280,787 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,919 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$142.89 / sqft
Year BuiltBuilt in 2004

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, Electric Cooktop, Electric Oven, Plumbed For Ice Maker, Electric Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2004
Stories1
Garage Spaces2

Land Information

APNR-5132-00C-0250-1
Lot Number25
SubdivisionCascades The #1 (Cwy)
Land UseResidential
Legal DescriptionCASCADES THE #1 (CWY), BLK C, LOT 25
Census Tract031308
Assessed Land Value$137,500
Assessed Improvement Value$266,068
Assessment Year2025

About this property

This one is a WOW~ Gorgeous home located on a premium water view lot in the Cascades of Wylie. You will love the outdoor space with fabulous views,extended stone patio,mature landscaping and wrought iron fence with puppy bars.The home was built in 2004 and has a wonderful welcoming floor plan. Spacious family room with hardwood floors and fireplace.Formal dining has an outside door to a 2nd patio.The kitchen is just beautiful with granite counters,tile backsplash and cooper farm sink.Master suite with bay windows,soaking garden tub and separate tiled shower.Plantation shutters on most windows,arches, niches,and upgraded fixtures. Enjoy the walking trail around the ponds and community playground down the street.

Investor Tools

Property Icon
$403,568
Estimated Property Value
$0Estimated Mortgage Balance
$403,568Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$280,786
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,421 /month
Positive
Cash Flow Estimate:
$807 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$626/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,496
$403,568
2025
$137,500
$266,068
$403,568
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,496
$403,568

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$403,568
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$400/mo
+$2,160/mo
7.6%

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: Wylie

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1906 Water Fall Way | Property Details | No Agent List