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$299,000

608 Terrace Dr, Richardson, TX, 75081

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,390 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$215.11 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size8,235 sqft

Building Information

Year Built1960
Stories1
Roof Type105

Land Information

APN42205500170050000
Lot Number5
SubdivisionRichardson Terrace
Land UseResidential
Legal DescriptionRICHARDSON TERRACE 3 BLK Q LT 5 INT201900096045 DD04152019 CO-DC 2055001700500 3CR20550017
Census Tract019102
Assessed Land Value$105,000
Assessed Improvement Value$207,100
Assessment Year2025

About this property

Investor special in Richardson's Highland Terrace neighborhood! This 3-bedroom, 2-bath home sits on a spacious lot and offers 1,390 square feet of living space with great bones and real upside for the right buyer. Bring your vision — this one is priced to move and ready for a renovation or value-add strategy. With a solid brick exterior, slab foundation, and city water and sewer already in place, the heavy lifting on infrastructure is done; it's cosmetic and updating work from here. Whether you're flipping, holding as a rental, or adding to your portfolio, this property offers strong potential in an established, centrally located Richardson neighborhood.

Investor Tools

Property Icon
$325,000
Estimated Property Value
$215,135Estimated Mortgage Balance
$131,937Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

Interested in this property?

Ashley Hardcastle

The Real Estate Project

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$519/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,601
$312,100
2025
$105,000
$207,100
$312,100
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,601
$312,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$215,135
No
First
Mar 20, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$193,827
$129,173
39%
60%
$1,290/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$1,290/mo
+$1,720/mo
11.1%

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: Richardson

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608 Terrace Dr | Property Details | No Agent List