Last 24 Hours
$268,350
NAL Estimated Property Value1231 Rain Forest Dr, Dallas, TX, 75217
Off Market
3 Beds
3 Bath
972 Sq Ft
Single Family Residence
$143.93 / sqft
Built in 1979Property Lead Type:
Off-Market ListAbsentee OwnerMove-In Ready
Highlights
Interior
Bedrooms 3
Bathrooms Full 3
Indoor Fireplace
Garage Available
Heating Central
CoolingAppliancesVented Exhaust Fan
FlooringConcrete, Laminate
Exterior
Lot Size6,012 sqft
Building Information
Year Built1979
Stories1
Roof Type105
Garage Spaces2
Land Information
APN00000624326060000
Lot Number4
SubdivisionForest Grove No 1
Land UseResidential
Legal DescriptionFOREST GROVE NO 1 BLK 1/6684 LT 4 INT202200156569 DD06032022 CO-DC 6684 001 00400 3006684 001
Census Tract011801
Assessed Land Value$40,000
Assessed Improvement Value$228,350
Assessment Year2025
About this property
2-2-2 Brick house in need of repairs, and offered AS-IS. Seller to make no repairs. Property will not qualify for traditional financing in its current condition.
Investor Tools
$268,350
Estimated Property Value
$216,876Estimated Mortgage Balance
$51,474Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,610 /month
Positive
Cash Flow Estimate:
$537 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$612/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,998
$268,350
2025
$40,000
$228,350
$268,350
No
Tax History
Year
Tax Paid
Assessed Value
2024
$5,998
$268,350
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texasbank
Conventional
$234,000
No
First
Jun 3, 2022
Jul 2052
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$216,876
$51,474
19%
81%
$1,403/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,403/mo
+$569/mo
8.8%
12.4%