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$319,900

105 Wallace Dr, Ferris, TX, 75125

$389,574 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,835 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$112.84 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher, Gas Cooktop, Gas Oven, Microwave, Gas Water Heater
FlooringCarpet, Ceramic Tile, Concrete, Laminate

Exterior

Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size11,979 sqft

Building Information

Year Built2002
Stories2
Roof Type105
Garage Spaces2

Land Information

APN29.8383.904.003.00.105
Lot Number3
SubdivisionSouth Meadow Addn-Rev
Land UseResidential
Legal DescriptionLOT 3 BLK D SOUTH MEADOW ADDN-REV 0.275 AC
Census Tract060104
Assessed Land Value$65,000
Assessed Improvement Value$300,075
Assessment Year2025

About this property

Big beautiful home settled in a quiet yet prominent, and well established neighborhood. Not too far away from I-45, making it easy for a quick commute to Dallas or surrounding areas. Enjoy complete luxury in the gigantic primary bedroom where you’ll find a garden tub and separate shower waiting for you in the huge open-spaced primary bathroom. Theres plenty of room here for the entire family with a breakfast area, formal dining, office space, upstairs game room (could be used as a fourth bedroom), sun room, large kitchen with an island and butlers pantry. This home also has plenty of storage throughout. In the backyard you'll find a beautiful brick storage building and an underground storm cellar. A MUST SEE!!

Investor Tools

Property Icon
$365,075
Estimated Property Value
$292,000Estimated Mortgage Balance
$82,210Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$389,573
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,190 /month
Positive
Cash Flow Estimate:
$730 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$733/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,968
$365,075
2025
$65,000
$300,075
$365,075
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,968
$365,075

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$292,000
No
First
Aug 7, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$282,865
$82,210
22%
77%
$1,751/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,751/mo
+$221/mo
6.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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: Ferris

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105 Wallace Dr | Property Details | No Agent List