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Owner Contacts

$671,000

NAL Estimated Property Value

11117 Carissa Dr, Dallas, TX, 75218

Off Market

3 Beds

3 Bath

2,073 Sq Ft

$212.25 / sqft

Built in 1969

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker, Refrigerator

FlooringCeramic Tile, Laminate, Wood

Exterior

Lot Size8,338 sqft

Building Information

Year Built1969

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000764915300000

Lot Number16

SubdivisionLochwood Meadows

Land UseResidential

Legal DescriptionLOCHWOOD MEADOWS LOT 16 CARISSA DR INT202100317728 DD10212021 CO-DC 7693 020 01600 3007693 020

Census Tract012801

Assessed Land Value$150,000

Assessed Improvement Value$415,250

Assessment Year2025

About this property

Super clean and pristine. Impeccable condition ready for personal touches. Original owners. Located in coveted Lochwood Meadows, close to Lochwood Park, White Rock Lake, and the Dallas Arboretum. Main living room has vaulted ceilings and a focal point fireplace. Small study with built in desk. Entry opens to a formal living room and dining room with floor to ceiling windows. Galley kitchen, double oven, ceramic cooktop, built-in microwave and vent-a-hood. Lots of cabinets and large pantry. Oversized patio perfect for entertaining.Fenced yard.Large two car garage and carport offer plenty of covered parking for vehicles or toys.Hardwoods and laminate wood plank floors. New windows.Smart floorplan for easy living.

Investor Tools

$671,000

Estimated Property Value

$386,049Estimated Mortgage Balance

$284,951Estimated Equity

42% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,026 /month

Positive

Cash Flow Estimate:

$1,342 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,016/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,833

$565,250

2025

$150,000

$415,250

$565,250

Tax History

Year

Tax Paid

Assessed Value

2024

$8,833

$565,250

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Mid-American Mortgage Inc

Conventional

$422,750

First

Oct 21, 2021

Nov 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$386,049

$284,951

42%

58%

$2,535/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,080/mo

$2,535/mo

$-455/mo

3.7%

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