$275,000
3318 Driftwood Meadow Ln, Richmond, TX, 77406
On Market
Just Added
Property Lead Type:
Absentee Owner
Highlights
Interior
AppliancesDisposal, Water Softener, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Vinyl
Exterior
Exterior FeaturesSprinkler System
Lot Size6,194 sqft
Building Information
Year Built2021
Garage Spaces2
Land Information
APN5296-06-001-0330-901
Lot Number33
SubdivisionMccrary Meadows Sec 6
Land UseResidential
Legal DescriptionMCCRARY MEADOWS SEC 6, BLOCK 1, LOT 33
Census Tract673404
Assessed Land Value$40,352
Assessed Improvement Value$221,948
Assessment Year2026
About this property
Beautiful 3-bedroom, 2-bathroom starter home with a flexible study/formal dining area. The open concept kitchen features a center island and overlooks the spacious family room. Wood-look luxury vinyl plank flooring runs through the main living areas, with carpet in the bedrooms. Generous walk-in closets, and a covered patio add everyday convenience. Zoned to all 3 excellent schools. RainSoft water softener, washer dryer and refrigerator are included.
Investor Tools
$203,878Estimated Mortgage Balance
$80,122Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,704 /month
Positive
Cash Flow Estimate:
$568 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$325/month
$600/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,486
$262,300
2026
$40,352
$221,948
$262,300
No
Tax History
Year
Tax Paid
Assessed Value
2025
$2,486
$262,300
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Precious Realty & Mortgage Llc
Conventional
$224,541
No
First
Nov 12, 2021
Dec 2051
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$203,878
$80,122
28%
72%
$1,347/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$1,947/mo
+$173/mo
9.0%
