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Owner Contacts

$528,660

NAL Estimated Property Value

4002 Frost Lake Drive, Richmond, TX, 77406

Off Market

4 Beds

4 Bath

3,552 Sq Ft

Single Family Residence

$106.7 / sqft

Built in 2003

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesWater Heater, Disposal, Gas Oven, Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher

FlooringCarpet, Tile

Exterior

Lot Size12,135 sqft

Building Information

Year Built2003

Stories1

Roof Type105

Garage Spaces2

Land Information

APN9163-07-001-0050-907

Lot Number5

SubdivisionWaterside Estates Sec 7

Land UseResidential

Legal DescriptionWATERSIDE ESTATES SEC 7, BLOCK 1, LOT 5

Census Tract673501

Assessed Land Value$90,090

Assessed Improvement Value$451,974

Assessment Year2025

About this property

Exquisite Perry Executive One Story, 4 Bedroom/3.1 Bath. Entry, opens to soaring ceilings, nitches along hall to great room. Hardwood floors in living/dining room with walled mirrors w/Plantation Shutters. 8 ft doors, crown molding thru-out. Ceiling fans with a remote sound system ready for entertaining. Great room w/Remote blinds, mirrored glass shelving for special viewing. Gourmet extended Island Kitchen with gas cooktop, oven/microwave. Corian countertops, lots of cabinets. Large walk-in pantry, with plenty of storage. Butlers Pantry, powder room, and washroom off the kitchen. Master suite overlooks covered patio and prided garden, vaulted ceiling w/elegant bath, garden tub w/jets , framed mirrors. His/Hers walkin closets and double vanities. Covered Epoxie finish patio, w/tv mounts, ceiling fans. Private Patio for grilling, overlooking lovely landscape, exterior lighting, w/remote timers. Sprinkler system,3 car tandem garage. Lake, tennis court, swimming pool & park nearby.

Investor Tools

$528,660

Estimated Property Value

$264,217Estimated Mortgage Balance

$264,443Estimated Equity

50% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,172 /month

Positive

Cash Flow Estimate:

$1,057 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$711/month

$550/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,893

$528,660

2025

$90,090

$451,974

$542,064

Tax History

Year

Tax Paid

Assessed Value

2025

$5,893

$528,660

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Quicken Loans Llc

Conventional

$295,600

First

Nov 6, 2020

Dec 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$264,217

$264,443

50%

$1,773/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,740/mo

$2,323/mo

+$417/mo

6.2%

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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