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B+
NoAgentList RatingHow are grades calculated? Info

$298,680

508 Hackberry Dr, Fate, TX, 75087

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,898 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.21 / sqft
Year BuiltBuilt in 2007

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 Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesAwning(s), Rain Gutters
Lot Size5,619 sqft

Building Information

Year Built2007
Stories1
Garage Spaces2

Land Information

APN5329-000J-0020-00-0R
Lot Number20
SubdivisionWoodcreek Ph 2b
Land UseResidential
Legal DescriptionWOODCREEK PH 2B, BLOCK J, LOT 20
Census Tract040406
Assessed Land Value$93,500
Assessed Improvement Value$205,180
Assessment Year2025

About this property

Come check out this spectacular move-in ready home in Fate! This property sits tucked away in the desirable Woodcreek community, just outside of the hustle and bustle. A bright & light living area greets you upon entry, bringing the outdoors in. The gorgeous kitchen features butcherblock counters, stainless appliances, vaulted ceilings and open access to the dining & living areas. Three bedrooms, plus an office or flex room, and a closed-off bonus room offer oodles of space to suit all your needs! Outdoors you'll find a fully fenced yard and an extended patio complete with retractable sun shades for whenever you're ready to hit the hammock! This fabulous property offers convenient access to Hwy 30, Fate, Rockwall, and all your nearby necessities! Don't miss out on this opportunity to rent a wonderfully charming home in Fate.

Investor Tools

Property Icon
$298,680
Estimated Property Value
$185,000Estimated Mortgage Balance
$115,292Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,792 /month
Positive
Cash Flow Estimate:
$597 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$501/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,515
$298,680
2025
$93,500
$205,180
$298,680
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,515
$298,680

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$185,000
No
First
Nov 14, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$183,388
$115,292
38%
61%
$1,110/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,910/mo
+$400/mo
9.3%

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.

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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: Fate

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508 Hackberry Dr | Property Details | No Agent List