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$514,000

NAL Estimated Property Value

803 Morningstar Trl, Richardson, TX, 75081

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,312 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$237.89 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop
FlooringHardwood, Tile

Exterior

Private PoolPrivate Pool
Lot Size9,198 sqft

Building Information

Year Built1975
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42048500040300000
Lot Number30
SubdivisionCollege Park North
Land UseResidential
Legal DescriptionCOLLEGE PARK NORTH BLK D LT 30 INT202500137996 DD06302025 CO-DC 0485000403000 3CR04850004
Census Tract019039
Assessed Land Value$125,000
Assessed Improvement Value$338,000
Assessment Year2025

About this property

Welcome to this fantastic and stylish single story ranch home located in North College Park. This house has everything you need for comfortable living. The updated kitchen flows seamlessly with 17 ft of counters and 5 burner gas cooktop into a cozy breakfast nook and custom cabinetry, complimented with an elegant dining room, making it ideal for both casual meals and special occasions. This home is perfect for entertaining friends and family, with the living room in the heart of the home and connecting to the enclosed sunroom. The primary suite features a beautifully renovated bathroom complete with a double vanity, timeless hexagon tile, and an expanded walk-in shower. Three additional bedrooms provide comfort and versatility, making them perfect for family, guests, or a dedicated home office. With modern finishes throughout, this home truly blends style and comfort for easy living. Outside, this backyard oasis delivers all the features of an entertainer’s dream. A cedar covered patio, BBQ gas grill space, and an 8ft pool with diving board. The yard is enclosed with an 8ft privacy fence and electric gate to tuck you into your own private compound. A completely welcoming and relaxed neighborhood vibe located in the Richardson Independent school district.

Investor Tools

Property Icon
$514,000
Estimated Property Value
$415,593Estimated Mortgage Balance
$98,407Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$836/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,466
$463,000
2025
$125,000
$338,000
$463,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,466
$463,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nexa Mortgage Llc
Conventional
$422,400
No
First
Jun 30, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$415,593
$98,407
19%
81%
$2,533/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,533/mo
+$477/mo
7.0%

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: Richardson

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803 Morningstar Trl | Property Details | No Agent List