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$370,000

1306 Elby St, Irving, TX, 75061

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,397 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.36 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

BankruptcyAuctionPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOther

Exterior

Lot Size8,960 sqft

Building Information

Year Built1961
Stories1
Roof Type105
Garage Spaces4

Land Information

APN32301500060030000
Lot Number3
SubdivisionMeadowbrook
Land UseResidential
Legal DescriptionMEADOWBROOK ESTATES 9 1ST INST BLK F PT LOT 3 INT202200278208 DD10172022 CO-DC 3015000600300 2CI30150006
Census Tract014704
Assessed Land Value$65,000
Assessed Improvement Value$277,000
Assessment Year2025

About this property

Prime Irving rental opportunity in a high-demand location! Sold strictly AS-IS and subject to third-party approval. This property is perfectly positioned for a high-yield rental or a strategic portfolio addition. Featuring a functional layout with multiple living areas and a spacious, mature lot, it offers the exact features today's tenants are looking for in the Irving market. The location provides unbeatable access to major highways, DFW Airport, and local employment hubs, ensuring a strong pool of applicants and minimal vacancy. Investors, take advantage of this value-add opportunity to secure a property with significant equity potential. Cash or hard money offers preferred. Buyer to independently verify all property details. Make your move and submit an offer today!

Investor Tools

Property Icon
$435,000
Estimated Property Value
$384,000Estimated Mortgage Balance
$62,423Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,610 /month
Positive
Cash Flow Estimate:
$870 /month

Interested in this property?

Jessica Cortez

Realty Right

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$501/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,841
$342,000
2025
$65,000
$277,000
$342,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,841
$342,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rcn Capital Llc
Commercial
$384,000
No
First
Sep 17, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$372,577
$62,423
14%
86%
$2,303/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,303/mo
+$269/mo
7.1%

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: Irving

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