NoAgentList RatingHow are grades calculated?

1view

$395,000

10318 Ferndale Rd, Dallas, TX, 75238

$451,322 ARV

Off Market

4 Beds

3 Bath

1,988 Sq Ft

Single Family Residence

$198.69 / sqft

Built in 1971

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal

FlooringCarpet, Ceramic Tile

Exterior

Lot Size6,822 sqft

Building Information

Year Built1971

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000789355900000

Lot Number20

SubdivisionCaribou Estates

Land UseResidential

Legal DescriptionLAKE HIGHLANDS NORTH 8 LOT 20 FERNDALE RD BLK A/8085 INT202200325370 DD12282022 CO-DC 8085 000 02000 3008085 000

Census Tract013009

Assessed Land Value$245,000

Assessed Improvement Value$165,560

Assessment Year2025

About this property

Bring your ideas to this great Lake Highlands home. This 4 bedroom, 2 full bath and 1 half bath home features large living areas, nice backyard and a bonus room by the primary bedroom that could be used as an office, storage or an extra walk-in closet. Roof replaced in 2018. Close to Lake Ridge and the Lake Highlands Town Center for shopping and dining. Also closely located to Wallace Elementary, Lake Highlands Jr High and Lake Highlands High School.

Investor Tools

$669,000

Estimated Property Value

$298,400Estimated Mortgage Balance

$389,455Estimated Equity

55% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$451,321

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,014 /month

Positive

Cash Flow Estimate:

$1,338 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$828/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,592

$410,560

2025

$245,000

$165,560

$410,560

Tax History

Year

Tax Paid

Assessed Value

2024

$6,592

$410,560

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Bank Of America Na

Conventional

$298,400

First

Dec 28, 2022

Jan 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$279,545

$389,455

58%

42%

$1,790/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,572/mo

$1,790/mo

+$782/mo

4.6%

Learn About the Market: Opportunity in Dallas

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Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

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