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$413,000

2613 Southwestern Dr, Flower Mound, TX, 75028

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,750 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.31 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size5,502 sqft

Building Information

Year Built1992
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR131663
Lot Number10
SubdivisionLake Forest Garden Home Ph 1
Land UseResidential
Legal DescriptionLAKE FOREST GARDEN HOME PH 1 BLK 2 LOT 10
Census Tract021725
Assessed Land Value$86,760
Assessed Improvement Value$312,892
Assessment Year2025

About this property

MULTIPLE APPLICATIONS RECEIVED. APPLICATION DEADLINE 6 PM MONDAY AUGUST 28TH. Available & ready for move in. You'll want to call this one your next home with its open and desirable floor plan! Walk in and you'll be impressed with the 2 story foyer, large secondary living with barn doors that lead to the inviting dining room. Kitchen with island, granite, stainless steel appliances and eat in nook, large family room with soaring vaulted ceiling, brick fireplace with gas logs and views of beautiful back yard with large patio perfect for outdoor entertaining. Upstairs you'll find a huge master bedroom with inviting master bathroom opposite 2 large secondary bedrooms and full bath. This property is conveniently located near shopping, schools and entertainment. Beautiful established neighborhood... don't miss! DO NOT OPEN 2 CAR GARAGE DOOR. LOCKBOX ON GARAGE DOOR DUE TO FRONT DOOR BEING RECENTLY PAINTED.

Investor Tools

Property Icon
$413,000
Estimated Property Value
$224,000Estimated Mortgage Balance
$227,679Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,478 /month
Positive
Cash Flow Estimate:
$826 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$715/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,518
$399,652
2025
$86,760
$312,892
$399,652
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,518
$399,652

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Smi Lending Inc
Credit Line (Revolving) / Heloc
$224,000
No
First
Dec 18, 2017
Jan 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$185,321
$227,679
55%
45%
$1,343/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,950/mo
$1,343/mo
+$1,607/mo
8.6%

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: Flower Mound

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2613 Southwestern Dr | Property Details | No Agent List