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$555,000

13351 Kit Ln, Dallas, TX, 75240

Under ContractInfo
Beds6 Beds
Baths4 Bath
Baths3,162 Sq Ft
DuplexDuplex
price_per_sqft$119.28 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Refrigerator
FlooringCeramic Tile, Laminate, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size11,250 sqft

Building Information

Year Built1968
Stories1
Roof Type105
Garage Spaces3

Land Information

APN00000768247800000
Lot Number15
SubdivisionNorthcrest Park
Land UseResidential
Legal DescriptionNORTHCREST PARK BLK 4/7756 LT 15 AT BLOSSOMHEATH LN INT202100318176 DD10152021 CO-DC 7756 004 01500 3007756 004
Census Tract019208
Assessed Land Value$100,000
Assessed Improvement Value$404,500
Assessment Year2025

About this property

This impressive corner-lot full-duplex in Dallas offers a rare combination of space, updates, and investment potential, all within the highly regarded Richardson ISD. With six bedrooms, four full bathrooms, and two two-car garages, the property is designed to accommodate both comfortable living and strong rental income. Unit 13351 showcases character and charm with vaulted ceilings, exposed wood beams, recessed lighting, Spanish tile, and warm laminate flooring. The current tenant's lease expires in April 2027, and they have lived in this unit for 5+ years. Unit 13353 has been thoughtfully updated in 2025 with Luxury Vinyl Plank flooring, decorative lighting, fresh interior paint, and modernized kitchen and bathrooms. The current tenant's lease expires in March 2027. Both units feature private backyards that provide a peaceful retreat for relaxation or entertaining family and friends. Recent improvements include a wrought iron fence installed in 2021, a new AC unit for Unit 13351 in 2022, and a garage door replacement for Unit 13353 in 2022. Perfectly located in the City of Dallas and Richardson ISD, this duplex combines convenience, quality updates, and strong rental appeal, making it an excellent opportunity for investors.

Investor Tools

$328,747Estimated Mortgage Balance
$177,628Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,330 /month
Positive
Cash Flow Estimate:
$1,110 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,159/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,390
$504,500
2025
$100,000
$404,500
$504,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,390
$504,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$360,000
No
First
Oct 15, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$328,747
$220,253
40%
65%
$2,159/mo

Learn About the Market: Opportunity in Dallas

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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13351 Kit Ln | Property Details | No Agent List