NoAgentList RatingHow are grades calculated?

1Days on Market

4view

$400,000

10856 Carissa Dr, Dallas, TX, 75218

$520,000 ARV

On Market

Just Added

3 Beds

2 Bath

2,214 Sq Ft

Single Family Residence

$180.67 / sqft

Built in 1970

Property Lead Type:

AuctionARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Cooktop, Double Oven

FlooringCarpet, Tile

Exterior

Lot Size10,575 sqft

Building Information

Year Built1970

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000764693390000

Lot Number25

SubdivisionLochwood Meadows

Land UseResidential

Legal DescriptionLOCHWOOD MEADOWS BLK 24/7692 LOT 25 INT20070253075 DD07102007 CO-DC 7692 024 02500 3007692 024

Census Tract012801

Assessed Land Value$150,000

Assessed Improvement Value$372,770

Assessment Year2025

About this property

Central Texas Auction & Realty is proud to present 10856 Carissa Drive, Dallas, TX, to be sold at auction on September 12th at 11AM. THE LISTING PRICE OF $400,000.00 IS THE MINIMUM OPENING BID. Location, location, location! This spacious 4-bedroom, 2.5-bath, full-brick home offers over 2,200 square feet in Lochwood Meadows, an established neighborhood surrounded by mature trees. Inside, you’ll find two generous living areas, a cozy fireplace, and beautiful hardwood built-ins that add warmth and character throughout. The enclosed sunroom offers additional space to relax, entertain, or enjoy year-round, while the attached 2-car garage provides plenty of parking and storage. Conveniently located near hospitals, shopping, dining, and everyday amenities, this home offers the perfect combination of space, character, and a hard-to-beat location.

Investor Tools

$28,985Estimated Mortgage Balance

$679,015Estimated Equity

95% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

$520,000

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,248 /month

Positive

Cash Flow Estimate:

$1,416 /month

Interested in this property?

Julie Gallaway

Central Texas Auction Services-Parkway Real Estate

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$668/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,480

$522,770

2025

$150,000

$372,770

$522,770

Tax History

Year

Tax Paid

Assessed Value

2025

$4,480

$522,770

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Bokf Na

Conventional

$191,200

First

May 24, 2013

Jun 2028

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$28,985

$678,015

95%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,080/mo

N/A

+$2,080/mo

3.5%

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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