1view

Owner Contacts

$519,000

NAL Estimated Property Value

405 S Waterview Dr, Richardson, TX, 75080

Off Market

3 Beds

2 Bath

2,262 Sq Ft

$198.94 / sqft

Built in 1964

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Gas Range, Refrigerator, Tankless Water Heater, Washer

FlooringBamboo, Ceramic Tile, See Remarks

Exterior

Lot Size9,546 sqft

Building Information

Year Built1964

Stories1

Roof Type105

Garage Spaces2

Land Information

APN42128500080290000

Lot Number29

SubdivisionParkview

Land UseResidential

Legal DescriptionPARKVIEW ESTATES 3 2ND SEC BLK 8 LOT 29 INT202400198893 DD09302024 CO-DC 1285000802900 3CR12850008

Census Tract019202

Assessed Land Value$100,000

Assessed Improvement Value$313,450

Assessment Year2025

About this property

Motivated Seller! Offering $10k Contribution toward improvements or to reconvert garage!!! Charming, open concept home in sought after RISD! Features high-end finishes: granite countertops, Viking commercial range, Bosch dishwasher, Whirlpool SS fridge. Recent updates: HVAC (1yo), tankless water heater (2yo), custom closet system, frameless glass shower, fresh paint & hardwood flooring throughout & luxury privacy fence w electric rolling gate. Light filled converted bonus room has ductless mini-split HVAC & ready for your choice of flooring. Ideal for Art studio-Man Cave-2nd living-playroom-gym-office-guest room. Easily, inexpensively reconverted to garage as garage doors remain & garage rails are in the attic. Still space for 2 cars to park privately in driveway & a carport could be added overhead. Street is not too busy & has nice protected parking lane in front for guests! 2nd Pantry in utility room, automatic sprinkler & updated vinyl windows! Includes fridge & washing machine.

Investor Tools

$519,000

Estimated Property Value

$233,624Estimated Mortgage Balance

$285,376Estimated Equity

54% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,114 /month

Positive

Cash Flow Estimate:

$1,038 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,131/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$10,980

$413,450

2025

$100,000

$313,450

$413,450

Tax History

Year

Tax Paid

Assessed Value

2024

$10,980

$413,450

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Guardian Mortgage Co Inc

Conventional

$140,000

First

Sep 30, 2024

Oct 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$233,624

$285,376

54%

45%

$1,440/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,040/mo

$1,440/mo

+$600/mo

4.7%

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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