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$374,000

NAL Estimated Property Value

513 Salem Dr, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,380 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.52 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size8,125 sqft

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42117500010280000
Lot Number28
SubdivisionNorthrich West
Land UseResidential
Legal DescriptionNORTHRICH WEST 2 BLK 1 LOT 28 INT202500021661 DD01292025 CO-DC 1175000102800 3CR11750001
Census Tract019211
Assessed Land Value$105,000
Assessed Improvement Value$219,980
Assessment Year2025

About this property

Come see this gorgeous home in the highly sought after community of Northrich West, in Richardson, TX! This charming 3 bedroom, 2 bath home has recently been updated with new flooring and paint. The owner has remodeled the kitchen and bathrooms, and extended the front porch with concrete pavers. All of the appliances are included in lease, as well as the fridge. Excellent size bedrooms throughout and remodeled bathrooms. Oversized front and back yard for entertaining and family fun! This home is conveniently close to the schools, parks, restaurants, and retail shopping! It is priced to lease quickly!!

Investor Tools

Property Icon
$374,000
Estimated Property Value
$197,668Estimated Mortgage Balance
$176,332Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,244 /month
Positive
Cash Flow Estimate:
$748 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$746/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,086
$324,980
2025
$105,000
$219,980
$324,980
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,086
$324,980

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The American National Bank Of Texas
Conventional
$200,000
No
First
Sep 16, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$197,668
$176,332
47%
53%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$1,200/mo
+$840/mo
6.5%

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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513 Salem Dr | Property Details | No Agent List