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$275,000

8014 Tropea Dr, Richmond, TX, 77406

PendingInfo
Beds4 Beds
Baths2 Bath
Baths1,807 Sq Ft
price_per_sqft$152.19 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Water Softener, Convection Oven, Microwave, Gas Range, Dishwasher

Exterior

Lot Size5,779 sqft

Building Information

Year Built2024
Garage Spaces2

Land Information

APN7222-02-001-0130-901
Lot Number13
SubdivisionSorrento Sec 2
Land UseResidential Single Family Houses
Legal DescriptionSORRENTO SEC 2, BLOCK 1, LOT 13
Census Tract673300
Assessed Land Value$64,990
Assessed Improvement Value$257,618
Assessment Year2025

About this property

Beautifully built in 2024, this stunning 4-bedroom, 2-bath home in Richmond, TX offers modern comfort and thoughtful design. The open-concept layout creates a seamless flow between the living, dining, and kitchen areas—perfect for both everyday living and entertaining. Enjoy a spacious primary suite featuring a large walk-in shower and a relaxing, private retreat feel. The home showcases a neutral color palette throughout, making it easy to personalize to your style. Step outside to a nicely fenced backyard with no back neighbors, providing added privacy and peaceful views. Located in a desirable community with access to a pool, playground, and scenic walking trails, this home blends convenience with outdoor enjoyment. Situated in a highly regarded school district, it’s an excellent choice for those seeking both quality and location. Don’t miss this move-in ready gem!

Investor Tools

$134,531Estimated Mortgage Balance
$188,296Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,936 /month
Positive
Cash Flow Estimate:
$645 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$582/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,373
$322,608
2025
$64,990
$257,618
$322,608
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,373
$322,608

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$140,000
No
First
Apr 23, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$134,531
$211,469
61%
42%
$840/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,740/mo
$1,740/mo
+$1,000/mo
10.2%

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: Richmond

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8014 Tropea Dr | Property Details | No Agent List