7view

Owner Contacts

$254,000

NAL Estimated Property Value

11622 Lanewood Cir, Dallas, TX, 75218

Off Market

3 Beds

1 Bath

1,107 Sq Ft

$232.16 / sqft

Built in 1951

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Garage Available

Heating Floor/Wall

Cooling

AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave

FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesStorage

Lot Size7,011 sqft

Building Information

Year Built1951

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000574267000000

Lot Number10

SubdivisionGaston Park

Land UseResidential

Legal DescriptionGASTON PARK BLK 13/6363 LOT 10 INT202400193297 DD09242024 CO-DC 6363 013 01000 3006363 013

Census Tract012802

Assessed Land Value$100,000

Assessed Improvement Value$133,340

Assessment Year2025

About this property

ADORABLE UPDATED home just minutes from White Rock Lake, The Dallas Arboretum, and Lochwood Park. This is a beautifully updated home features 3 bedrooms and a bathroom that has a stone-tile walk-in shower. RECENT UPDATES include NEW ROOF 2024, NEW DAIKIN HVAC SYSTEM 2024, CUSTOM 6-FOOT WOOD PRIVACY FENCE 2022, FRESH INTERIOR AND EXTERIOR PAINT 2024, LUXURY PLANK VINYL IN THE KTCHEN 2024 and NEW CARPET in the LARGE FRONT BEDROOM WITH A PRIVATE ENTRANCE. Main entrance opens to the central living room that leads to the dining area. HARDWOOD FLOORING in the living & dining along with the second bedrooms. Fall in love with the vibrant kitchen featuring updated tile work and durable butcher block countertops. Step outside into the backyard and enjoy sitting on the OVERSIZED WOOD DECK that overlooks the large treed backyard and NEW STORAGE SHED 2023. SELLER OFFERING $2,000 FLOORING ALLOWANCE at closing to cover refinishing hardwood flooring and baseboards with a full price offer.

Investor Tools

$254,000

Estimated Property Value

$164,933Estimated Mortgage Balance

$89,067Estimated Equity

35% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,542 /month

Positive

Cash Flow Estimate:

$514 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$372/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,192

$233,340

2025

$100,000

$133,340

$233,340

Tax History

Year

Tax Paid

Assessed Value

2024

$3,192

$233,340

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Highlands Residential Mortgage Ltd

Fha

$181,649

Yes

First

Jul 21, 2021

Aug 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$164,933

$89,067

35%

65%

$1,090/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,080/mo

$1,090/mo

+$990/mo

9.8%

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