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$303,000

5572 Spring Ridge Dr, Watauga, TX, 76137

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,582 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.28 / sqft
Year BuiltBuilt in 2002

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
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size6,094 sqft

Building Information

Year Built2002
Stories1
Garage Spaces2

Land Information

APN31787-7-14
Lot Number14
SubdivisionPark Vista Addition
Land UseResidential
Legal DescriptionPARK VISTA ADDITION BLOCK 7 LOT 14
Census Tract113917
Assessed Land Value$60,000
Assessed Improvement Value$205,935
Assessment Year2025

About this property

Welcome to your next home, perfectly designed for comfortable family living! This charming property features an open floor plan that makes everyday life and entertaining easy, complete with a cozy built-in fireplace to keep you warm through the winter months. The kitchen is a true highlight, offering a pantry, a welcoming breakfast room, and plenty of space to make cooking both enjoyable and functional. Throughout the home, you’ll find durable laminate flooring and ceramic tile that balance style with low-maintenance convenience. The home is currently being freshly repainted, so when you move in, you’ll enjoy a bright, updated feel (please note: current photos reflect the home before repainting). With thoughtful features and a warm layout, this home is a fantastic option for your family.

Investor Tools

Property Icon
$303,000
Estimated Property Value
$153,433Estimated Mortgage Balance
$164,223Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,818 /month
Positive
Cash Flow Estimate:
$606 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$529/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,835
$265,935
2025
$60,000
$205,935
$265,935
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,835
$265,935

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Preferred Lending Solutions Llc
Conventional
$153,433
No
First
May 26, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$138,777
$164,223
54%
46%
$920/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,450/mo
$920/mo
+$1,530/mo
9.7%

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: Watauga

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5572 Spring Ridge Dr | Property Details | No Agent List