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A+
NoAgentList RatingHow are grades calculated? Info
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$269,900

1516 Blackwell Drive, Irving, TX, 75061

$350,870 ARVInfo
Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,310 Sq Ft
DuplexDuplex
price_per_sqft$116.84 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size8,750 sqft

Building Information

Year Built1979
Stories1
Roof Type105
Garage Spaces4

Land Information

APN32053600020010000
Lot Number1
SubdivisionCarole
Land UseResidential
Legal DescriptionCAROLE ESTATES BLK B LOT 1 INT201800292048 DD10312018 CO-DC 0536000200100 2CI05360002
Census Tract014701
Assessed Land Value$80,000
Assessed Improvement Value$330,000
Assessment Year2025

About this property

Investors! Income producing property in a great location!!! This FULL duplex features 2 bedrooms and 1.5 bathrooms on each side. Located on corner lot which makes this home easy to market for potential tenants. Picket fence for front & side yards. A 2+2 tandem garage is attached, with a 200 square-foot bonus room in the back. Bonus room has a window AC unit, providing additional living space. Currently leased by long term tenants on month to month basis under market value. Rental comps support $1000-$1150 per month. Please do not disturb tenants. Inspections to be held once property is under contract.

Investor Tools

Property Icon
$415,000
Estimated Property Value
$0Estimated Mortgage Balance
$176,331Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$350,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$947/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,293
$410,000
2025
$80,000
$330,000
$410,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,293
$410,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lendsure Mortgage Corp
Conventional
$258,930
No
First
Mar 7, 2022
Apr 2062

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$238,669
$176,331
42%
58%
$1,553/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,553/mo
+$1,019/mo
7.4%

Learn About the Market: Opportunity in Texas

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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.

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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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1516 Blackwell Drive | Property Details | No Agent List