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Owner Contacts

$367,000

NAL Estimated Property Value

3719 Worthington Lake Dr, Richmond, TX, 77406

$385,919 ARV

Off Market

3 Beds

3 Bath

2,974 Sq Ft

Single Family Residence

$126.09 / sqft

Built in 2005

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher

FlooringCarpet, Tile

Exterior

Lot Size8,600 sqft

Building Information

Year Built2005

Stories1

Roof Type105

Garage Spaces2

Land Information

APN9163-10-001-0160-907

Lot Number16

SubdivisionWaterside Estates Sec 10

Land UseResidential

Legal DescriptionWATERSIDE ESTATES SEC 10, BLOCK 1, LOT 16

Census Tract673501

Assessed Land Value$68,250

Assessed Improvement Value$296,750

Assessment Year2025

About this property

Welcome to this Perry Homes plan 2842W located on a quiet cul-de-sac, this home has multiple appealing features.First,notice the double wide driveway w/garage that parks 3 cars tandem.A welcoming front porch leads to a spacious entry w/crown molding & tile floor which runs throughout the home (except the bedrooms).On the left is the formal dining room w/more crown molding.Down the hallway, you'll find 2 equal size bedrooms w/walk-in closets & 2nd bath w/large vanity & tub/shower combo.Just past the entry is the formal dining room w/recessed & chandelier lights.To the left is huge kitchen w/granite counters,gas stove AND oven,lots of cabinets,stainless appliances,recessed lights & large pantry.Adjacent is the spacious breakfast area & laundry room.Just beyond a game room w/half bath (or bedroom 4)The family room is center w/fireplace & windows to back.Master bed is spacious w/crown molding & bath w/2 sinks,jetted tub, separate shower & HUGE closet.Roof replaced Nov 2024!

Investor Tools

$367,000

Estimated Property Value

$285,981Estimated Mortgage Balance

$81,019Estimated Equity

21% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$385,918

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,250 /month

Positive

Cash Flow Estimate:

$750 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$486/month

$753/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,992

$365,000

2025

$68,250

$296,750

$365,000

Tax History

Year

Tax Paid

Assessed Value

2025

$3,992

$365,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Mortgage Connextions Lp

Conventional

$292,000

First

Mar 18, 2025

Apr 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$285,981

$79,019

21%

78%

$1,751/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,120/mo

$2,504/mo

$-384/mo

6.9%

Learn About the Market: Opportunity in Texas

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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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