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$344,900

3016 Frio Road, Little Elm, TX, 75068

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,705 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$202.29 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Tankless Water Heater, Vented Exhaust Fan

Exterior

Lot Size6,011 sqft

Building Information

Year Built2020
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR768730
Lot Number28
SubdivisionShahan Lakeview Addition Phase 2
Land UseResidential Single Family
Legal DescriptionSHAHAN LAKEVIEW ADDITION PHASE 2 BLK E LOT 28
Census Tract020130
Assessed Land Value$105,197
Assessed Improvement Value$268,884
Assessment Year2025

About this property

ZERO DOWN PAYMENT OPPORTUNITY! This beautiful 3-bedroom, 2-bath home is located in a USDA-approved area, offering qualified buyers the possibility of 100% financing with no down payment! Built in 2020 and exceptionally well maintained, this like-new home is move-in ready and situated in a clean, welcoming neighborhood. Step inside to a bright, well-kept interior featuring recent paint updates, a tankless water heater, and comfortable, functional living spaces. A newer roof installed in 2024 provides added peace of mind. The two-car garage features epoxy flooring, adding a clean, finished touch. One of the standout features is the custom oversized patio, perfect for relaxing, entertaining, or enjoying the outdoors. Situated near the top of the hill, the property offers views toward the lake from the yard. Turn onto Frio Road and you’ll see the lake straight ahead! Even better, lake access is approximately a block away, making it an easy walk to the water. Neighborhood amenities include a community pool and two playgrounds, with convenient access to the polo fields and yacht club. Clean, updated, close to the lake, and potentially ZERO DOWN for qualified USDA buyers—3016 Frio Road is ready for its next owner!

Investor Tools

$361,953Estimated Mortgage Balance
$12,128Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,244 /month
Positive
Cash Flow Estimate:
$748 /month

Interested in this property?

Melissa Youmans

Kelly, Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$778/month
$193/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,461
$374,081
2025
$105,197
$268,884
$374,081
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,461
$374,081

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Altra Fcu
Conventional
$374,309
No
First
Jul 18, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$361,953
$12,128
3%
97%
$2,521/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$2,714/mo
+$156/mo
9.2%

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: Little Elm

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