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$463,000

NAL Estimated Property Value

612 Race Dr, Heath, TX, 75126

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,095 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190.45 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size7,187 sqft

Building Information

Year Built2018
Stories1
Garage Spaces2

Land Information

APNS3862-000H-0003-00-0R
Lot Number3
SubdivisionHeath Golf Yacht Club Ph 1b
Land UseResidential
Legal DescriptionHEATH GOLF & YACHT CLUB PH 1B, BLOCK H, LOT 3
Census Tract040511
Assessed Land Value$120,000
Assessed Improvement Value$341,187
Assessment Year2025

About this property

Welcome to this beautifully designed and meticulously maintained family home located in Heath Golf and Yacht Club. This one story home has an open and thoughtfully designed floorplan that seamlessly integrates the living and kitchen area. The large living room has a corner fireplace and large windows for natural light. Adjacent to the living room is the kitchen and casual dining area, the kitchen offers an abundance of counter space, sleek stainless appliances and a center island doubling as additional workspace or a breakfast bar. The primary bedroom is a true retreat with an en suite bath, neutral colors and a generous walk in closet. Step out into the backyard through the covered patio and see the low maintenance yard area with decorative iron fencing. This home is perfectly located near shopping, dining and the lake.

Investor Tools

Property Icon
$463,000
Estimated Property Value
$193,300Estimated Mortgage Balance
$269,700Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,778 /month
Positive
Cash Flow Estimate:
$926 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$828/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,617
$461,187
2025
$120,000
$341,187
$461,187
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,617
$461,187

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$201,487
Yes
First
Feb 9, 2024
Mar 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$193,300
$269,700
58%
42%
$1,209/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,759/mo
+$801/mo
6.6%

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: Heath

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612 Race Dr | Property Details | No Agent List