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$586,000

NAL Estimated Property Value

6420 Riveredge Dr, Plano, TX, 75024

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,122 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.41 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2003
Stories1
Garage Spaces2

Land Information

APNR-4562-00A-0200-1
Lot Number20
SubdivisionShoal Creek Phase Vi (Cpl)
Land UseResidential
Legal DescriptionSHOAL CREEK PHASE VI (CPL), BLK A, LOT 20
Census Tract031669
Assessed Land Value$170,000
Assessed Improvement Value$400,105
Assessment Year2025

About this property

This attractive easy-care zero-lot home is on a cul-de-sac street with no thru traffic. Two living area flex plan, use one as a dining room or office if desired. This home has an attractive granite kitchen with an island, newly painted cabinetry, big walk-in pantry and stainless steel appliances. Recently refinished wood floors in the socials and high ceilings throughout create a great feeling of space. The master suite is split from the secondary bedrooms, master bath w-separate vanities and frameless shower, huge closet. The spare bedrooms each own a walk-in closet with a J-J bath. Super easy care exterior; the HOA maintains the front lawn for you, the rear is by design lawn free with decking and landscape beds only. All you do is keep it weed free and trimmed! Recent hi-efficiency HVAC will keep your power expenses low! Community pool, playground and clubhouse. One pet allowed on a case by case basis with additional deposit. See tenant selection criteria-instructions in media.

Investor Tools

Property Icon
$586,000
Estimated Property Value
$153,363Estimated Mortgage Balance
$432,637Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,516 /month
Positive
Cash Flow Estimate:
$1,172 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,094/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,202
$570,105
2025
$170,000
$400,105
$570,105
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,202
$570,105

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$167,000
No
First
Jan 20, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$153,363
$432,637
73%
26%
$1,002/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,820/mo
$1,002/mo
+$1,818/mo
5.8%

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: Plano

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6420 Riveredge Dr | Property Details | No Agent List