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$429,900

2508 Cambridge Drive, Heath, TX, 75032

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,792 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$153.98 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Tankless Water Heater
FlooringWood

Exterior

Exterior FeaturesLighting, Storage
Lot Size13,373 sqft

Building Information

Year Built1997
Stories1
Garage Spaces2

Land Information

APN5243-000C-0019-00-0R
Lot Number19
SubdivisionWellington Ridge Manor
Land UseResidential
Legal DescriptionWELLINGTON RIDGE MANOR, BLOCK C, LOT 19
Census Tract040507
Assessed Land Value$220,000
Assessed Improvement Value$307,686
Assessment Year2025

About this property

Absolutely stunning newly updated home in Heath that has been meticulously cared for. Finish outs include: handscraped hardwoods, light and bright modern kitchen, high end stainless steel appliances in kitchen with wine cooler and gas stove, granite and quartz counters, custom paint in all of the interior, all bathrooms completely updated, plantation shutters throughout, and mature oak trees on property and a large covered patio perfect for entertaining. This is a must see that will not last long!

Investor Tools

Property Icon
$601,000
Estimated Property Value
$0Estimated Mortgage Balance
$293,700Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,606 /month
Positive
Cash Flow Estimate:
$1,202 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$839/month
$165/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,061
$527,686
2025
$220,000
$307,686
$527,686
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,061
$527,686

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Conventional
$343,800
No
First
Nov 23, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$307,300
$293,700
48%
51%
$2,062/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,227/mo
+$783/mo
6.0%

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: Heath

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