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$287,250

23147 N Waterlake Dr, Richmond, TX, 77406

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,858 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.08 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size8,747 sqft

Building Information

Year Built1999
Stories2
Roof Type105
Garage Spaces2

Land Information

APN9302-01-004-0010-901
Lot Number1
SubdivisionWestpark Lakes Sec 1
Land UseResidential
Legal DescriptionWESTPARK LAKES SEC 1, BLOCK 4, LOT 1
Census Tract673403
Assessed Land Value$39,504
Assessed Improvement Value$247,746
Assessment Year2025

About this property

Welcome to this move in ready home in the Westpark Lakes subdivision. The home features 3 beds, 2 baths, formal dining room, spacious living area and relaxing backyard to entertain with your loved ones. Behind the house, a peaceful lake awaits, offering daily walks after work. The solar panel also helps you to save utility bills. Highly rated schools. Convenient location with easy access to Grand Parkway 99, Westpark Tollway. Minutes to parks, schools, local bars, dining, shops. This won’t last long. Schedule your showing appointment today!

Investor Tools

Property Icon
$287,250
Estimated Property Value
$70,000Estimated Mortgage Balance
$152,718Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,724 /month
Positive
Cash Flow Estimate:
$575 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$528/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,899
$287,250
2025
$39,504
$247,746
$287,250
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,899
$287,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Fcu
Non-Purchase Money Mortgage / Home Equity
$70,000
No
First
Mar 13, 2024
Apr 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$134,532
$152,718
53%
47%
$840/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$840/mo
+$1,280/mo
8.9%

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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23147 N Waterlake Dr | Property Details | No Agent List