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Owner Contacts

$242,489

NAL Estimated Property Value

7106 Buchanan Drive, Richmond, TX, 77469

Off Market

3 Beds

2 Bath

1,509 Sq Ft

Single Family Residence

$115.97 / sqft

Built in 1985

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Microwave, Electric Range, Electric Oven

FlooringTile, Wood

Exterior

Lot Size5,995 sqft

Building Information

Year Built1985

Stories1

Roof Type105

Garage Spaces2

Land Information

APN8695-04-004-0090-901

Lot Number9

SubdivisionTara Sec 4

Land UseResidential

Legal DescriptionTARA SEC 4, BLOCK 4, LOT 9

Census Tract674603

Assessed Land Value$30,030

Assessed Improvement Value$212,459

Assessment Year2025

About this property

*** MULTIPLE OFFERS REC'D. SELLER TO EVALUATE ALL OFFERS MONDAY NOON. *** Beautifully remodeled 3 bedroom/2 bath home in affordable Tara Colony. Light and bright with neutral paint throughout, the public areas feature light colored tile and lots of windows to let in natural light. The kitchen is a dream with beautiful granite counters, white cabinets and stainless and black appliances. The dining area is adjacent to the kitchen and features a big window overlooking your covered patio. The den features a high ceiling, wood burning fireplace, ceiling fan with light, and two big windows. The bedrooms feature warm engineered wood flooring, large walk in closets, and ceiling fans with lights. Both the master bath and hall bath feature granite counters, double sinks, beautiful mirrors and tub/shower combos. Enjoy your covered patio and big pecan tree, and invite your friends over for a BBQ. Come see this one today... You'll fall in love!

Investor Tools

$242,489

Estimated Property Value

$151,907Estimated Mortgage Balance

$90,582Estimated Equity

37% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,455 /month

Positive

Cash Flow Estimate:

$485 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$267/month

$225/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,994

$242,489

2025

$30,030

$212,459

$242,489

Tax History

Year

Tax Paid

Assessed Value

2025

$1,994

$242,489

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Stellar Bank

Building Or Construction Loan

$174,600

First

Oct 31, 2019

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$151,907

$90,582

37%

63%

$1,047/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,780/mo

$1,272/mo

+$508/mo

8.8%

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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