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$438,000

2509 Downing Drive, Plano, TX, 75023

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,919 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$151.12 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Building Information

Year Built1975
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-0559-021-0310-1
Lot Number31
SubdivisionParker Road Ests West No 1-E (Cpl)
Land UseResidential
Legal DescriptionPARKER ROAD ESTS WEST NO 1-E (CPL), BLK 21, LOT 31
Census Tract031613
Assessed Land Value$110,000
Assessed Improvement Value$306,733
Assessment Year2025

About this property

GREAT LOCATION! AMAZING FIND. Home has modern upgrades in a beautiful neighborhood. Spacious backyard with patio perfect for entertaining. Large master bedroom separates from other rooms with spacious walk in closet. Kitchen fully updated with breakfast nook. Front room can be used as formal dining, second living room or study with endless possibilities. Security Alarm and Smart Home Features include Garage Door, Alarm, Thermostat, Lighting. Home has an in wall Safe, New 200-amp Electric Panel plus Low-E Windows & an Oversize Garage with workbench makes this home a perfect place for you and your family. MUST SEE!

Investor Tools

Property Icon
$438,000
Estimated Property Value
$0Estimated Mortgage Balance
$239,507Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,628 /month
Positive
Cash Flow Estimate:
$876 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$629/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,363
$416,733
2025
$110,000
$306,733
$416,733
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,363
$416,733

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Integrity Mortgage Corporation Of Texas
Conventional
$224,800
No
First
May 21, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$198,493
$239,507
54%
45%
$1,348/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,040/mo
$1,348/mo
+$1,692/mo
8.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Plano

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