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$396,372

1935 Farmers Creek Drive, Richmond, TX, 77406

Off Market

4 Beds

2 Bath

2,463 Sq Ft

Single Family Residence

$107.59 / sqft

Built in 2004

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Microwave, Gas Cooktop, Gas Oven, Free-Standing Range

FlooringCarpet, Tile, Wood

Exterior

Lot Size9,159 sqft

Building Information

Year Built2004

Stories1

Roof Type105

Garage Spaces2

Land Information

APN9163-10-003-0010-907

Lot Number1

SubdivisionWaterside Estates Sec 10

Land UseResidential

Legal DescriptionWATERSIDE ESTATES SEC 10, BLOCK 3, LOT 1

Census Tract673501

Assessed Land Value$68,250

Assessed Improvement Value$328,122

Assessment Year2025

About this property

IRRESISTIBLE! ONE story w/detached 3 CAR GARAGE! 4 BDRMS/2 BATHS & BOTH formals! Large corner lot 9,000+ sq.ft! Attractive curb appeal boasts of mature shade trees & flattering landscape design. Updated baths w/granite counters! Inviting entry w/solid wood door & glass insert! High-end wood floors flow from entry thru-out both formals, hallways & large family room. Arched entryways to formal living & dining. Formal living offers built-in wall of shelves, drawers & desk area. Formal dining w/crown molding, chair rail, updated modern chandelier! Large kitchen w/ample of cabinet storage space, built-in desk area, walk-in pantry, stainless appliances, GAS range & Corian counters. Breakfast bar opens to family room! Breakfast area w/3 windows! Family room w/corner fireplace. Master retreat w/sitting area! Master bath w/granite, DBL sinks, garden tub+separate shower. ALL bedroom closets have built-in dressers! Extra storage closets! Backyard patio! Sprinkler System! NEVER FLOODED! LOW TAXES!

Investor Tools

$396,372

Estimated Property Value

$0Estimated Mortgage Balance

$212,722Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,378 /month

Positive

Cash Flow Estimate:

$793 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$502/month

$590/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,048

$396,372

2025

$68,250

$328,122

$396,372

Tax History

Year

Tax Paid

Assessed Value

2025

$4,048

$396,372

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Movement Mortgage

Conventional

$212,000

First

Aug 30, 2019

Sep 2049

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$183,650

$212,722

53%

46%

$1,272/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,740/mo

$1,862/mo

+$878/mo

8.3%

Learn About the Market: Opportunity in Texas

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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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