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$590,120

NAL Estimated Property Value

501 Cap Rock Dr, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,738 Sq Ft
price_per_sqft$394.13 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Gas Range, Microwave, Refrigerator, Washer

Exterior

Lot Size8,050 sqft

Building Information

Year Built1967
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42023500070140000
Lot Number14
SubdivisionCanyon Creek 2nd
Land UseResidential
Legal DescriptionCANYON CREEK 2ND INST BLK 7 LOT 14 INT202400082302 DD04242024 CO-DC 0235000701400 3CR02350007
Census Tract019210
Assessed Land Value$390,000
Assessed Improvement Value$200,120
Assessment Year2025

About this property

Showings begin Friday, May 29th! Beautifully updated and move-in ready in the highly sought-after Canyon Creek neighborhood of Richardson, this charming single-story home offers the perfect blend of style and comfort. The exterior of the house was recently painted to give the curb appeal a beautiful refresh. Situated on an oversized .27-acre lot, the property features a spacious backyard ideal for entertaining, pets, or play, or for a future additon! Inside, you’ll find an open-concept floorplan with fresh interior paint, luxury vinyl plank flooring, and abundant natural light throughout. The remodeled kitchen is designed for both everyday living and entertaining, featuring quartz countertops, white cabinetry, a farmhouse sink, and a large center island. Both bathrooms and the laundry room have also been thoughtfully updated. Custom curtains and shades to convey with property. Major system upgrades provide added value and confidence, including PVC plumbing, a hot water heater replaced in 2024, and previously updated windows, roof, and HVAC. Conveniently located near parks, dining, shopping, major highways, and top-rated Richardson ISD schools, this Canyon Creek gem combines modern updates with an unbeatable location!

Investor Tools

Property Icon
$590,120
Estimated Property Value
$546,838Estimated Mortgage Balance
$43,282Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,110 /month
Positive
Cash Flow Estimate:
$1,370 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$723/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,721
$590,120
2025
$390,000
$200,120
$590,120
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,721
$590,120

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$570,000
No
First
Apr 24, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$546,838
$43,282
7%
93%
$3,418/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$3,418/mo
$-1,378/mo
4.1%

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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501 Cap Rock Dr | Property Details | No Agent List