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$235,000

NAL Estimated Property Value

885 Waterfall Way # Kk-1, Richardson, TX, 75080

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,114 Sq Ft
price_per_sqft$210.95 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Convection Oven, Refrigerator
FlooringLaminate, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size9.81 acres

Building Information

Year Built1980
Stories2
Roof Type104

Land Information

APN42266610510023500
Lot Number1
SubdivisionWaterfall Crossing Condominiums
Land UseResidential
Legal DescriptionWATERFALL CROSSING CONDOMINIUMS BLK A LOT 1 9.8104 ACS BLDG KK UNIT 1 CE .782% INT202400024744 DD02022024 CO-DC 2666105100235
Census Tract019214
Assessed Land Value$33,420
Assessed Improvement Value$201,580
Assessment Year2025

About this property

This warm and inviting condo feels like a cottage in the woods with its brickwork, tile roof and many trees, but it's in a most convenient location in Richardson. The home includes assigned covered parking, a club house and a community pool. HOA fees cover sewer, water, structure maintenance, and insurance. Out the back patio door are mature trees and a creek. Out the living room patio door you'll find a private garden space with privacy fence. The kitchen has yet another patio door to the private courtyard. The livingroom fireplace has beautiful brick and wood, and the stairway is custom woodwork. Upstairs are two master suites, each with an ensuite bath finished with granite and tile. There is no carpet in this home. The fridge, 3 TVs, washer and dryer are all included. There are two AC units to keep you cool. On top of all this, the seller just repainted the interior for the new owner. You won't find an opportunity like this easily, so book your showing right away. See video tour.

Investor Tools

Property Icon
$235,000
Estimated Property Value
$202,906Estimated Mortgage Balance
$32,094Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,410 /month
Positive
Cash Flow Estimate:
$470 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$321/month
$358/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,679
$235,000
2025
$33,420
$201,580
$235,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,679
$235,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Conventional
$211,500
No
First
Feb 2, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$202,906
$32,094
13%
86%
$1,269/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,620/mo
$1,627/mo
$-7/mo
8.3%

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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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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885 Waterfall Way # Kk-1 | Property Details | No Agent List