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$581,000

NAL Estimated Property Value

480 Reese Road, Waxahachie, TX, 75167

$623,237 ARVInfo
Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths3,524 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$110.64 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListARV FlipHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven, Electric Cooktop, Microwave, Plumbed For Ice Maker
FlooringCarpet, Laminate, Marble

Exterior

Exterior FeaturesRain Gutters
Lot Size1.02 acres

Building Information

Year Built2001
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00.3049.902.001.00.108
Lot Number1
SubdivisionCross Creek Ph Iii
Land UseResidential
Legal DescriptionLOT 1 BLK B CROSS CREEK PH III 1.018 AC
Census Tract060211
Assessed Land Value$159,500
Assessed Improvement Value$361,481
Assessment Year2025

About this property

Must see this TOTALLY REMODELED on acre corner lot with 5 bedrooms, 2.5 baths, 3 living areas, 2 dining areas, 2 fireplaces in MIDLOTHIAN SCHOOLS! Kitchen updated with marble flooring, granite counters, back splash, decorative lighting, fixtures, hardware. Specialty paints throughout, laminate, crown molding, recessed lighting. Gorgeous master bath features redone with marble flooring & oversize decorative marble tiled shower, jetted tub, counters and sinks, hardware. Giant upstairs game rm. or man cave with big wet bar, living area for big screen TV, half bath, bedroom, and room for a pool table. Roof replaced. HUGE full workshop with electricity and storage. Wrap around back porch with iron railing.

Investor Tools

Property Icon
$581,000
Estimated Property Value
$380,248Estimated Mortgage Balance
$200,752Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$623,237
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,486 /month
Positive
Cash Flow Estimate:
$1,162 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$728/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,834
$520,981
2025
$159,500
$361,481
$520,981
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,834
$520,981

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Fha
$371,153
Yes
First
Dec 27, 2019
Jan 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$380,248
$200,752
34%
65%
$2,587/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$2,587/mo
$-147/mo
5.0%

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: Waxahachie

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480 Reese Road | Property Details | No Agent List