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$382,000

NAL Estimated Property Value

523 Salem Dr, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,463 Sq Ft
price_per_sqft$252.9 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesOther
Lot Size8,125 sqft

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces1

Land Information

APN42117500010230000
Lot Number23
SubdivisionNorthrich West
Land UseResidential
Legal DescriptionNORTHRICH WEST 2 BLK 1 LT 23 INT202300123070 DD06222023 CO-DC 1175000102300 3CR11750001
Census Tract019211
Assessed Land Value$105,000
Assessed Improvement Value$257,970
Assessment Year2025

About this property

Beautifully renovated home with luxury vinyl plank throughout, brand new carpet in bedrooms, updated kitchen, bathrooms, and lighting. A portion of the garage was converted into a large laundry room. Garage is 1.5 size garage but could easily be converted back into a 2 car garage. Backyard also features a large shed for additional storage.

Investor Tools

Property Icon
$382,000
Estimated Property Value
$381,557Estimated Mortgage Balance
$443Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,292 /month
Positive
Cash Flow Estimate:
$764 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$661/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,021
$362,970
2025
$105,000
$257,970
$362,970
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,021
$362,970

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Fha
$384,912
Yes
First
Nov 17, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$381,557
$443
0%
100%
$2,308/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$2,308/mo
$-268/mo
6.4%

City: Richardson

523 Salem Dr | Property Details | No Agent List