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$749,400

2406 Drain Dr, St Paul, TX, 75098

On MarketInfo
Just AddedInfo

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size3.44 acres

Land Information

APNR-12332-00A-0030-1
Lot Number3
SubdivisionDrain Estates (Csp)
Land UseResidential
Legal DescriptionDRAIN ESTATES (CSP), BLK A, LOT 3
Census Tract031308
Assessed Land Value$412,560
Assessed Improvement Value$1,754
Assessment Year2026

About this property

Rare 3.44± acre homesite in St. Paul offering the country lifestyle you have been looking for—Wylie ISD, no HOA and an existing approximately 3,600 square foot barn. Two established tree lines frame the property boundaries, creating a peaceful, tucked-away setting, while the open interior provides ample buildable space for a custom home. Imagine quiet mornings, wide-open skies and room for a garden, workshop, equipment, RV or boat storage, hobbies and animals, subject to applicable regulations and restrictions. Approximately 209 feet of frontage on Drain Drive provides convenient access and flexibility for site planning. Enjoy the warmth and freedom of country-style living while remaining close to Wylie, shopping, dining, Lake Lavon, Parker Road and FM 1378–Country Club Road. Acreage with an open homesite, mature tree lines, a large barn, Wylie ISD and no HOA is increasingly hard to find. Buyer responsible for due diligence of intended use prior to purchase.

Investor Tools

$223,906Estimated Mortgage Balance
$246,094Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,496 /month
Positive
Cash Flow Estimate:
$1,499 /month

Interested in this property?

Jeffrey Robillard

Newfound Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$568/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,467
$414,314
2026
$412,560
$1,754
$414,314
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,467
$414,314

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ruben Rodriguez Etal
Seller Carryback / Seller Financing / Seller Take-Back
$250,000
No
First
Apr 26, 2021
May 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$223,906
$246,094
52%
48%
$1,499/mo

City: St Paul

2406 Drain Dr | Property Details | No Agent List