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$310,930

NAL Estimated Property Value

608 Falcon Dr, Woodway, TX, 76712

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,763 Sq Ft
price_per_sqft$127.57 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesMicrowave, Gas Water Heater
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size19,785 sqft

Building Information

Year Built1965
Stories1
Roof Type105
Garage Spaces2

Land Information

APN362250000050003
Lot Number25
SubdivisionForest Est
Land UseResidential
Legal DescriptionFOREST EST LOT 25 BLOCK C ACRES .4542
Census Tract002503
Assessed Land Value$46,890
Assessed Improvement Value$264,040
Assessment Year2025

About this property

Beautiful Woodway home on nearly 1/2 acre shaded lot! This 3BR/2BA plus two living areas has all the updates. New wide planked wood laminate flooring in hall, den, dining and kitchen. Light and airy kitchen features granite counters, tile backsplash and white cabinetry with Shaker style doors. Remodeled baths have marble counters and marble style tile flooring. Cultured marble bath surround in hall bath and shower in the master. You'll want to spend plenty of time outdoors in the shady backyard. The custom 250+ sq ft treehouse is fun for all ages! Detached workshop with electricity is the perfect spot for lawn tools, extra storage, home office or gym. Extra parking for your RV or boat. Updated windows, new roof in 2019, sprinkler system and a 2 car rear entry garage are just a few other reasons to call 608 Falcon Dr. home!

Investor Tools

Property Icon
$310,930
Estimated Property Value
$265,582Estimated Mortgage Balance
$45,348Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,866 /month
Positive
Cash Flow Estimate:
$622 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$501/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,454
$310,930
2025
$46,890
$264,040
$310,930
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,454
$310,930

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Fha
$272,435
Yes
First
Dec 2, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$265,582
$45,348
14%
85%
$1,634/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,470/mo
$1,634/mo
$-164/mo
5.7%

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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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: Woodway

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608 Falcon Dr | Property Details | No Agent List