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$407,130

NAL Estimated Property Value

516 Frances Way, Richardson, TX, 75081

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,624 Sq Ft
price_per_sqft$166.26 / sqft
Year BuiltBuilt in 1955

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, Dryer, Gas Cooktop, Gas Oven, Gas Range, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan, Washer, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size9,180 sqft

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces4

Land Information

APN42014500090210000
Lot Number21
SubdivisionAzalea Park
Land UseResidential
Legal DescriptionAZALEA PARK BLK 9 LOT 21 INT202000320758 DD11172020 CO-DC 0145000902100 3CR01450009
Census Tract019102
Assessed Land Value$150,000
Assessed Improvement Value$257,130
Assessment Year2025

About this property

Back on market with NEW ROOF! Buyer unable to close. 3 bed 2 bath pier & beam home in sought after Azalea Heights neighborhood of Richardson. Beautiful brick exterior w large trees & an oversized corner lot. Inside your new home you will enjoy 2 living areas, 2 dining areas, an open kitchen, & 2 updated bathrooms. The kitchen features pantry, gas range, & eat in area. Bathrooms are stylishly updated with granite, new vanities, lighting, & more! Backyard features a large raised deck with pergola, plenty of green space, separate covered deck to the side, and storage shed. Side entry 2 car garage also includes plenty of room for additional parking or RV Boat storage. Search 516 Frances on YouTube for video tour.

Investor Tools

Property Icon
$407,130
Estimated Property Value
$227,570Estimated Mortgage Balance
$179,560Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,443 /month
Positive
Cash Flow Estimate:
$814 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$646/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,712
$407,130
2025
$150,000
$257,130
$407,130
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,712
$407,130

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Great Western Financial Services Inc
Conventional
$254,600
No
First
Nov 17, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$227,570
$179,560
44%
56%
$1,527/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,527/mo
+$783/mo
6.8%

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: Richardson

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