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$719,994

NAL Estimated Property Value

3408 Mandalay Drive, Flower Mound, TX, 75022

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,256 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$159.71 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size7,200 sqft

Building Information

Year Built2004
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR234471
Lot Number30
SubdivisionWellington Estates Ph 2a
Land UseResidential
Legal DescriptionWELLINGTON ESTATES PH 2A BLK J LOT 30
Census Tract021751
Assessed Land Value$143,440
Assessed Improvement Value$576,554
Assessment Year2025

About this property

Breathtaking backyard oasis with stoned trimmed pool and attached spa. Lush backyard landscaping completes the peaceful sanctuary. This Drees home features downstairs office, master bedroom, dining room, spacious kitchen with stainless steel appliances, island, gas cooktop and granite countertops. The living room ceiling soars two stories with a wall of windows framing the gorgeous views of the backyard. Upstairs you will find a second living area and three bedrooms, one with an ensuite. Roomy three car garage. Desirable Wellington Estates is waiting for you!

Investor Tools

Property Icon
$719,994
Estimated Property Value
$343,919Estimated Mortgage Balance
$376,075Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,320 /month
Positive
Cash Flow Estimate:
$1,440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,106/month
$820/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,670
$719,994
2025
$143,440
$576,554
$719,994
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,670
$719,994

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$384,000
No
First
Dec 17, 2020
Jan 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$343,919
$376,075
52%
48%
$2,303/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,850/mo
$3,123/mo
+$727/mo
6.4%

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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3408 Mandalay Drive | Property Details | No Agent List