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B+
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$408,000

387 Rs County Road 1451, Point, TX, 75472

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,664 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$150.11 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Electric Range, Microwave
FlooringWood

Exterior

Lot Size1.20 acres

Building Information

Year Built2006

Land Information

APN32981
Lot Number2
Land UseResidential
Legal DescriptionJOHN SCOTT ESTATES, BLOCK 340, LOT 2, ACRES 1.2
Census Tract950200
Assessed Land Value$26,610
Assessed Improvement Value$372,891
Assessment Year2025

About this property

Beautiful, secluded log cabin on five acres with detached mother-in-law suite. Less than a mile from Lake Tawakoni, this is your country getaway! Complete renovation with stainless steel appliances and granite, all while maintaining the county charm of the original home.

Investor Tools

Property Icon
$408,000
Estimated Property Value
$356,250Estimated Mortgage Balance
$68,483Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,448 /month
Positive
Cash Flow Estimate:
$816 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$552/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,589
$399,501
2025
$26,610
$372,891
$399,501
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,589
$399,501

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Member Home Loan
Conventional
$356,250
No
First
Oct 30, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$339,517
$68,483
16%
83%
$2,136/mo

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: Point

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387 Rs County Road 1451 | Property Details | No Agent List