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$175,000

605 Lettie St, Richmond, TX, 77469

$179,261 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,534 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$116.69 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available

Exterior

Lot Size4,500 sqft

Building Information

Year Built1950
Stories1
Roof Type105
Garage Spaces1

Land Information

APN3010-02-014-0100-901
Lot Number10
SubdivisionDave Fields S/D Sec 2
Land UseResidential
Legal DescriptionDAVE FIELDS S/D SEC 2, BLOCK 14, LOT 10
Census Tract674900
Assessed Land Value$33,750
Assessed Improvement Value$86,375
Assessment Year2025

About this property

Welcome to 605 Lettie St, a remodeled 3-bedroom, 2-bathroom home in Richmond! This updated home offers a modern living space with fresh paint, and new flooring. The open-concept living area is perfect for entertaining and everyday living, while the spacious kitchen features sleek countertops, contemporary cabinets, and stainless steel appliances. Both bathrooms have been fully renovated with modern touches for a fresh feel. NEW Shingle roof (2025), this home is designed for easy maintenance and long-term comfort. The large backyard provides plenty of space for outdoor activities and relaxation. Located in a quiet, affordable neighborhood, 605 Lettie St offers easy access to local amenities and schools. This home provides a comfortable and practical living space at an excellent value. Don't miss out schedule your showing today!

Investor Tools

Property Icon
$175,000
Estimated Property Value
$175,518Estimated Mortgage Balance
$1,788Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$179,261
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,074 /month
Positive
Cash Flow Estimate:
$358 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$246/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,079
$120,125
2025
$33,750
$86,375
$120,125
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,079
$120,125

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Keystone Funding Inc
Fha
$175,518
Yes
First
Aug 18, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$173,212
$1,788
1%
99%
$1,053/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,780/mo
$1,053/mo
+$727/mo
12.2%

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.

Explore Texas Explore This Area
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: Richmond

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605 Lettie St | Property Details | No Agent List