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B+
NoAgentList RatingHow are grades calculated? Info

$585,000

516 Eastland Dr, Lewisville, TX, 75056

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,542 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$230.13 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Hardwood, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size4,739 sqft

Building Information

Year Built2009
Stories2
Roof Type105
Garage Spaces1

Land Information

APNR620029
Lot Number11R
SubdivisionCastle Hills Ph Vi Sec C
Land UseResidential
Legal DescriptionCASTLE HILLS PH VI SEC C BLK A LOT 11R
Census Tract021654
Assessed Land Value$115,133
Assessed Improvement Value$428,963
Assessment Year2025

About this property

Cozy 3 bedroom, American Legend home nestled in desirable Castle Hills development, conveniently located close to highway, shops, restaurants and more! Beautiful hand scraped wood floors throughout the downstairs living and dining areas. Two story entry foyer, office with french doors and great sized closet, large formal dining room and open-concept living, kitchen & casual dining. Separate laundry room and powder bath downstairs. All bedrooms located upstairs along with two full bathrooms and an oversized bonus room that can be used as a game room, media room or play room. Wood floors continue upstairs. Primary bedroom has wonderful natural lighting and large walk in closet through the primary bathroom. Covered patio in backyard. Access to Castle Hills amenities including fitness center, parks, pools, courts and clubhouse. Minutes from Grandscape in The Colony, this lovely home offers numerous upgrades and quality finishes.

Investor Tools

Property Icon
$544,096
Estimated Property Value
$350,000Estimated Mortgage Balance
$199,215Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,510 /month
Positive
Cash Flow Estimate:
$1,170 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,029/month
$992/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,626
$544,096
2025
$115,133
$428,963
$544,096
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,626
$544,096

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranty Federal Mortgage Llc
Conventional
$350,000
No
First
Jul 17, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$344,881
$199,215
36%
63%
$2,099/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$3,091/mo
$-751/mo
5.2%

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.

Explore Texas Explore This Area
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: Lewisville

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