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Owner Contacts

$581,000

5940 Dripping Springs Ct, North Richland Hills, TX, 76180

Off Market

4 Beds

4 Bath

2,901 Sq Ft

Single Family Residence

$146.5 / sqft

Built in 2005

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Microwave, Gas Cooktop, Gas Range, Dishwasher, Oven

FlooringTile, Wood

Exterior

Lot Size5,223 sqft

Building Information

Year Built2005

Stories2

Garage Spaces2

Land Information

APN14632-7-2

Lot Number2

SubdivisionFountain Ridge

Land UseResidential

Legal DescriptionFOUNTAIN RIDGE BLOCK 7 LOT 2

Census Tract113221

Assessed Land Value$51,000

Assessed Improvement Value$484,642

Assessment Year2025

About this property

Impress your buyer with this well-maintained 2-stories home in the highly acclaimed BISD. This pristine home with tons of space featuring 4 bedrooms & 3 and 1/2 baths. Upon entrance is an open concept floor plan that leads you to the study and formal dining area. A hard-to-find unique feature is the SUPER LARGE size extended foyer with hardwood flooring leads you to a cozy family room where you enjoy your see-through fireplace with a cup of coffee or tea. UPDATES & UPGRADES galore can be found throughout this IMMACULATE home including NEW ROOF (2021), NEW fence, RECENT kitchen cooktop, RECENT dishwasher, NEW faucets, and many more. Granite island kitchen countertops, tile backsplash, & HIGH ceilings. The first floor master bedroom is HUGE & provides an ensuite bath with large walk-in closet, private tub & separate shower. Upstairs boasts 3 bedrooms and 2 full bathrooms with an ENORMOUS gameroom or media room for your daily entertainment! Please call for your private showing today!

Investor Tools

$581,000

Estimated Property Value

$422,000Estimated Mortgage Balance

$194,908Estimated Equity

27% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,486 /month

Positive

Cash Flow Estimate:

$1,162 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,034/month

$750/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,498

$535,642

2025

$51,000

$484,642

$535,642

Tax History

Year

Tax Paid

Assessed Value

2024

$9,498

$535,642

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

United Wholesale Mortgage

Conventional

$422,000

First

Nov 29, 2021

Dec 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$386,092

$193,908

33%

66%

$2,531/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,670/mo

$3,281/mo

$-611/mo

5.5%

Learn About the Market: Opportunity in Texas

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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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