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$813,000

NAL Estimated Property Value

15215 Meandering Way, Dallas, TX, 75248

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,026 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$180.11 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven, Electric Cooktop, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Slate, Wood

Exterior

Lot Size10,200 sqft

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000796569600000
Lot Number2
SubdivisionPrestonwood
Land UseResidential
Legal DescriptionPRESTONWOOD BLK 10/8188 LOT 2 INT202100166366 DD06012021 CO-DC 8188 010 00200 3008188 010
Census Tract013607
Assessed Land Value$225,000
Assessed Improvement Value$525,000
Assessment Year2025

About this property

Great opportunity in Spring Creek Elementary zone of RISD! Wonderful floor plan is so flexible, with a large family room, second living area that is great for a game room or exercise room, and a play room as well! The primary bedroom suite is separate and private, with his and hers sinks and closets. The other three bedrooms on the other bedroom wing are freshly painted and spacious. Sunny breakfast room has views to the front, and the kitchen has granite counters, recent double ovens and cooktop with pot-filler. Enjoy entertaining in the beautiful back yard with access to the creek, it's like having your own park!

Investor Tools

Property Icon
$813,000
Estimated Property Value
$387,866Estimated Mortgage Balance
$425,134Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,878 /month
Positive
Cash Flow Estimate:
$1,626 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,220/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,576
$750,000
2025
$225,000
$525,000
$750,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,576
$750,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$428,000
No
First
Jun 1, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$387,866
$425,134
52%
48%
$2,567/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,970/mo
$2,567/mo
+$403/mo
4.4%

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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15215 Meandering Way | Property Details | No Agent List