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$520,794

2515 Cambridge Dr, Heath, TX, 75032

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,502 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$199.8 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Double Oven, Refrigerator, Washer
FlooringCeramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesAwning(s), Rain Gutters, Garden
Lot Size12,720 sqft

Building Information

Year Built2000
Stories1
Garage Spaces2

Land Information

APN5243-000B-0006-00-0R
Lot Number6
SubdivisionWellington Ridge Manor
Land UseResidential
Legal DescriptionWELLINGTON RIDGE MANOR, BLOCK B, LOT 6
Census Tract040507
Assessed Land Value$220,000
Assessed Improvement Value$300,794
Assessment Year2025

About this property

WOW! Look at this price...and with a pool! Close to the lake, easy access to shopping, I30 and The Harbor. Gleaming wood floors, great open floorplan. Huge kitchen opens to the family room with fireplace overlooking the back yard and POOL. Plenty of space for everyone! Office space for those who work from home. Upstairs is a huge game room, bedroom or man cave with it's own HVAC unit allowing it to be shut off from the rest of the home. Use it for whatever your heart desires. Beautiful pool with spa and a separate hot tub! Plenty of space for entertaining. Raised gardens and fruit trees are numerous and all automated with automatic watering systems. FULL HOUSE NATURAL GAS GENERATOR. Runs everything! Lights, HVAC, pool. Automatically comes on within 10 seconds and automatically shuts off when power is restored. Never be left in the dark, cold or heat again! Pool replastered in the last few years and replaced filter equipment and pump. This home has been well maintained and is ready for it's new owner.

Investor Tools

Property Icon
$520,794
Estimated Property Value
$100,000Estimated Mortgage Balance
$440,317Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,125 /month
Positive
Cash Flow Estimate:
$1,042 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$504/month
$168/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,442
$520,794
2025
$220,000
$300,794
$520,794
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,442
$520,794

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Credit Line (Revolving) / Heloc
$100,000
No
First
Jan 17, 2017
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$80,477
$440,317
84%
15%
$600/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$768/mo
+$1,542/mo
5.3%

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: Heath

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2515 Cambridge Dr | Property Details | No Agent List