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$444,000

NAL Estimated Property Value

514 Westwood Drive, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,575 Sq Ft
price_per_sqft$183.49 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Oven, Microwave
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size8,960 sqft

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces1

Land Information

APN42156500250270000
Lot Number27
SubdivisionRichardson Heights
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 4 BLK 25 LOT 27 INT201900231824 DD08292019 CO-DC 1565002502700 3CR15650025
Census Tract019203
Assessed Land Value$100,000
Assessed Improvement Value$325,180
Assessment Year2025

About this property

Great opportunity for a first-time buyer on this adorable cottage home in Richardson Heights. The floorplan has 2 living areas with an updated kitchen & eat-in bar. New flooring in the kitchen and updated backsplash on the granite countertops. Spacious living areas with lots of natural light. 2 sky tubes to add light in the kitchen and front living room. Gas Range with 2 ovens & large breakfast area. 2 pantries for storage and a great split den on the other side of the kitchen. French doors leading from the living area to the large grass backyard.

Investor Tools

Property Icon
$444,000
Estimated Property Value
$244,993Estimated Mortgage Balance
$199,007Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,664 /month
Positive
Cash Flow Estimate:
$888 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$703/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,222
$425,180
2025
$100,000
$325,180
$425,180
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,222
$425,180

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ntfn Inc
Conventional
$275,200
No
First
Sep 14, 2020
Oct 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$244,993
$199,007
44%
55%
$1,650/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$1,650/mo
+$390/mo
5.5%

City: Richardson

514 Westwood Drive | Property Details | No Agent List