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$294,000

603 Elaine Drive, Irving, TX, 75060

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,358 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.2 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringCarpet, Vinyl

Exterior

Lot Size7,910 sqft

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces2

Land Information

APN32571500010030100
Lot Number2-3
SubdivisionWestbrook
Land UseResidential
Legal DescriptionWESTBROOK BLK A PT LOTS 2 & 3 INT202200246751 DD09062022 CO-DC 5715000100301 2CI57150001
Census Tract015305
Assessed Land Value$50,000
Assessed Improvement Value$214,740
Assessment Year2025

About this property

Charming home in Irving! This lovely abode features fresh interior and exterior paint, plush carpet, rich wood-like flooring, updated fixtures, and much more! Living room greets you upon entering! Kitchen boasts brand new stainless steel appliances, granite counter tops, subway tile back splash, and chic white cabinets for all of your storage needs! Family room is nicely tucked away at the back of the house, and features a cozy fireplace for those cooler months! The home has a single car attached garage and bonus detached single car garage in the back! Bonus garage can also be used as a shop or extra storage! Don't forget to venture into the backyard, a great space to make your own! This gem will go fast!

Investor Tools

Property Icon
$294,000
Estimated Property Value
$0Estimated Mortgage Balance
$72,504Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,764 /month
Positive
Cash Flow Estimate:
$588 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$632/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,117
$264,740
2025
$50,000
$214,740
$264,740
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,117
$264,740

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Trust Cu
Stand Alone Second / Subordinate Position
$235,200
No
First
Mar 17, 2023
Mar 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$221,496
$72,504
24%
75%
$1,411/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,411/mo
+$561/mo
8.0%

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: Irving

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603 Elaine Drive | Property Details | No Agent List