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$350,000

440 Reese Road, Waxahachie, TX, 75167

$392,066 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,246 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$155.83 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Convection Oven, Double Oven, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size1.00 acres

Building Information

Year Built2001
Stories1
Garage Spaces3

Land Information

APN00.3049.902.005.00.108
Lot Number5
SubdivisionCross Creek Ph Iii
Land UseResidential
Legal DescriptionLOT 5 BLK B CROSS CREEK PH III 1.002 AC
Census Tract060211
Assessed Land Value$145,000
Assessed Improvement Value$291,064
Assessment Year2025

About this property

This beautiful home in Midlothian ISD could be yours in time for the holidays! Grand entry with stained cedar posts welcomes you to your new home. The living, dining and huge kitchen are open giving plenty of space for entertaining. The home has large windows throughout, keeping the home bright and open. The kitchen has tons of storage with lots of cabinet space, a huge island, and a walk-in pantry. The fenced backyard includes a 40x40 covered workshop with 1200sq ft insulated inside. The interior has built-in shelving, electricity and 2 workbenches. No HOA, No city taxes, located in highly sought after Midlothian Heritage district.

Investor Tools

Property Icon
$510,000
Estimated Property Value
$0Estimated Mortgage Balance
$299,662Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$392,066
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,060 /month
Positive
Cash Flow Estimate:
$1,020 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$612/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,789
$436,064
2025
$145,000
$291,064
$436,064
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,789
$436,064

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Keller Mortgage Llc
Conventional
$229,900
No
First
Nov 5, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$210,338
$299,662
58%
41%
$1,379/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,190/mo
$1,379/mo
+$1,811/mo
7.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Waxahachie

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440 Reese Road | Property Details | No Agent List