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$273,320

NAL Estimated Property Value

409 Hanbee St, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,008 Sq Ft
price_per_sqft$208.33 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range
FlooringLaminate, Wood

Exterior

Exterior FeaturesPrivate Yard
Lot Size8,320 sqft

Building Information

Year Built1956
Stories1
Roof Type105
Garage Spaces1

Land Information

APN42113500010190000
Lot Number19
SubdivisionNorthrich Acres
Land UseResidential
Legal DescriptionNORTHRICH ACRES BLK A LT 19 INT201000024098 DD01012010 CO-DC 1135000101900 3CR11350001
Census Tract019211
Assessed Land Value$105,000
Assessed Improvement Value$168,320
Assessment Year2025

About this property

WE HAVE RECEIVED MULTIPLE OFFERS. PLEASE SUBMIT YOUR FINAL AND BEST BY TUESDAY, SEPTEMBER 9TH, AT 8:00 AM. Unlock the potential of this exceptional Richardson property, perfectly suited for those looking to fix and flip or create a profitable rental. Situated in a prime location near Hwy 75 for easy access to Dallas and within a highly regarded school district, this 3-bedroom, 1-bathroom home offers endless opportunity for the savvy investor. The property is being sold as-is and is ready for your vision. With a spacious layout, a large backyard ideal for landscaping or entertainment, and a newer roof , it provides a solid foundation for renovations. The last tenant lived here for 15 years, making it a true blank canvas for upgrades and customization. Whether your plan is to restore its character, introduce modern updates, flip for resale, or hold as a rental, this home presents significant potential for returns. Don’t miss out on this fantastic investor special in one of Richardson’s most desirable areas!

Investor Tools

Property Icon
$273,320
Estimated Property Value
$214,068Estimated Mortgage Balance
$59,252Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,640 /month
Positive
Cash Flow Estimate:
$547 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$602/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,857
$273,320
2025
$105,000
$168,320
$273,320
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,857
$273,320

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cake Mortgage Corp
Commercial
$215,000
No
First
Feb 12, 2026
Mar 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$214,068
$59,252
21%
78%
$1,290/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,620/mo
$1,290/mo
+$330/mo
7.1%

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.

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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: Richardson

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409 Hanbee St | Property Details | No Agent List