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$1,174,307

NAL Estimated Property Value

616 Moraine Way, Heath, TX, 75032

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths4,075 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.05 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Convection Oven, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Marble, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size41,338 sqft

Building Information

Year Built1994
Stories1
Garage Spaces3

Land Information

APN4445-0000-0011-00-0R
Lot Number11
SubdivisionThe Moraine
Land UseResidential
Legal DescriptionTHE MORAINE, LOT 11
Census Tract040511
Assessed Land Value$247,500
Assessed Improvement Value$926,807
Assessment Year2025

About this property

Grand, one story family home located just a short walk to Lake Ray Hubbard! Located in the exclusive community of the Moraine, this 0.94 acre lot has privacy galore, a diving pool with hot tub and enough rooms for the entire family. Enjoy 4 bds, PLUS two living areas, private gym, study and enormous kitchen. Pool views from almost every room & huge grassy play area. Soaring ceilings, floor to ceiling windows, marble floors, crown molding & just minutes to 1-30 for access to entire Dallas metroplex.

Investor Tools

Property Icon
$1,174,307
Estimated Property Value
$279,817Estimated Mortgage Balance
$894,490Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,046 /month
Positive
Cash Flow Estimate:
$2,349 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,349/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,319
$1,174,307
2025
$247,500
$926,807
$1,174,307
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,319
$1,174,307

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Truist Bank
Credit Line (Revolving) / Heloc
$307,000
No
First
Sep 25, 2021
Sep 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$279,817
$894,490
76%
24%
$1,841/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,491/mo
+$519/mo
3.1%

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: Heath

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