Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
B+
NoAgentList RatingHow are grades calculated? Info
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$623,789

406 Reed Way, Wylie, TX, 75098

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,689 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.7 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Double Oven, Dryer, Gas Range, Microwave, Refrigerator, Washer
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesOther

Building Information

Year Built2017
Stories1
Garage Spaces4

Land Information

APNR-11166-00B-0040-1
Lot Number4
SubdivisionAlanis Crossing Phase Ii (Cwy)
Land UseResidential
Legal DescriptionALANIS CROSSING PHASE II (CWY), BLK B, LOT 4
Census Tract031323
Assessed Land Value$180,000
Assessed Improvement Value$443,789
Assessment Year2025

About this property

Built by Windsor Homes - CONST. COMPLETED Jan 17 ~ Beautiful Custom Windsor Home! Spacious 1-story with 3br, 2 bath and 4-car garage! Desirable open floor plan with Handscraped hardwoods throughout. Kitchen has granite counters, Stainless Steel Appliances, built-in Micro, Dbl Ovens, Gas range, vent hood. Floor to ceiling stone fireplace with cedar mantle. Energy efficient with wireless thermostat, tankless water heaters, Low-E Windows, Radiant Barrier

Investor Tools

Property Icon
$623,789
Estimated Property Value
$250,000Estimated Mortgage Balance
$378,191Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,743 /month
Positive
Cash Flow Estimate:
$1,248 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,059/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,583
$623,789
2025
$180,000
$443,789
$623,789
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,583
$623,789

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Truist Bank
Credit Line (Revolving) / Heloc
$250,000
No
First
May 16, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,598
$378,191
60%
39%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,999/mo
+$561/mo
4.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Wylie

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

406 Reed Way | Property Details | No Agent List