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$235,000

2816 Watercress Drive, Little Elm, TX, 75068

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,589 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.89 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCeramic Tile

Exterior

Lot Size5,998 sqft

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR269963
Lot Number84
SubdivisionSunset Pointe Ph Five
Land UseResidential
Legal DescriptionSUNSET POINTE PH FIVE BLK 18 LOT 84
Census Tract020133
Assessed Land Value$96,000
Assessed Improvement Value$240,236
Assessment Year2025

About this property

Ready to move in! Cute 4 bedroom one story home in popular Sunset Pointe neighborhood. The master is separate from the secondary rooms. Master has garden tub, separate shower, dual sinks and walk in closet. Three secondary rooms, all with ceiling fans. Family room has corner wood burning fireplace. Kitchen has plenty of cabinet space, new stainless steel built in microwave, and refrigerator is included. Large backyard with covered patio. Recent updates include new paint inside home, vinyl plank flooring (no carpet), recess lighting in family room and kitchen. HOA includes community pool, parks and playground.

Investor Tools

Property Icon
$365,000
Estimated Property Value
$0Estimated Mortgage Balance
$184,904Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,190 /month
Positive
Cash Flow Estimate:
$730 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$740/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,057
$336,236
2025
$96,000
$240,236
$336,236
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,057
$336,236

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$207,000
No
First
Oct 24, 2019
Nov 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$180,096
$184,904
50%
49%
$1,242/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,750/mo
$1,392/mo
+$2,358/mo
12.3%

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: Little Elm

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