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$445,000

7118 Pampas Pl, Venus, TX, 76084

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,934 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$230.09 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Microwave, Tankless Water Heater, Vented Exhaust Fan, Washer
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesBuilt-in Barbecue, Fire Pit
Lot Size7,200 sqft

Building Information

Year Built2022
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00.7418.920.005.00.908
Lot Number5
SubdivisionPrairie Ridge Ph 3
Land UseResidential
Legal DescriptionLOT 5 BLK T PRAIRIE RIDGE PH 3 0.1653 AC
Census Tract060803
Assessed Land Value$100,000
Assessed Improvement Value$284,132
Assessment Year2025

About this property

Investor's Dream with Built-In Income! This beautifully maintained 2022-built home offers an incredible opportunity with a tenant already in place through August 2027, providing immediate, reliable rental income from day one. Located in the highly sought-after Goodland master-planned community in Grand Prairie-Venus, this 4-bedroom, 2-bath home combines modern finishes with exceptional outdoor living. Inside, you'll find durable luxury vinyl plank flooring, an open-concept layout, and thoughtfully designed living spaces perfect for today's lifestyle. Step outside to an entertainer's paradise featuring an impressive 19x23 extended covered patio complete with a built-in outdoor island, BBQ, and fire pit—ideal for relaxing evenings or hosting family and friends. Even better, the solar panels will be paid off at closing, allowing the new owner to enjoy energy savings without the added expense. Residents of Goodland will soon enjoy an exciting master-planned lifestyle with resort-style amenities including The Hangout featuring a pool, splash area, playground, dog park, miles of trails, parks, green spaces, year-round community events, and future amenities including The Retreat, a resort-style recreation campus with a clubhouse, fitness center, stocked fishing ponds, and additional gathering spaces. The community also has plans for future retail, dining, and entertainment, making it one of the fastest-growing destinations in the area. Whether you're looking to expand your investment portfolio or secure a property with immediate cash flow in one of North Texas' fastest-growing communities, 7118 Pampas Place is an opportunity you won't want to miss.

Investor Tools

Property Icon
$384,132
Estimated Property Value
$401,139Estimated Mortgage Balance
$11,003Estimated Equity
-4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,670 /month
Positive
Cash Flow Estimate:
$890 /month

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Wendy Bartlett

BHHS Premier Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$792/month
$1,375/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,588
$384,132
2025
$100,000
$284,132
$384,132
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,588
$384,132

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
M/I Financial Llc
Fha
$401,139
Yes
First
Oct 25, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$374,465
$9,667
2%
97%
$2,406/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$3,781/mo
$-1,809/mo
6.2%

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: Venus

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7118 Pampas Pl | Property Details | No Agent List