$296,000
NAL Estimated Property Value1614 Gillarel Springs Ln, Dallas, TX, 75241
Off Market
Property Lead Type:
Off-Market ListAbsentee OwnerHigh Equity
Highlights
Interior
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Convection Oven, Double Oven, Vented Exhaust Fan
FlooringLaminate
Exterior
Lot Size7,665 sqft
Building Information
Year Built2009
Stories1
Roof Type105
Garage Spaces2
Land Information
APN00689800120410000
Lot Number41
SubdivisionSprings Addn
Land UseResidential
Legal DescriptionSPRINGS ADDN BLK 12/6898 LT 41 INT201900068146 DD03182019 CO-DC 6898 012 04100 4DA6898 012
Census Tract011300
Assessed Land Value$50,000
Assessed Improvement Value$218,510
Assessment Year2025
About this property
Easy commute to Downtown Dallas! Come check out this wonderful property in Dallas within walking distance to the Spring Hills park and Rec center! This home has 3 bedrooms, 2 bathrooms and updates throughout including granite countertops in kitchen and all bathrooms, all stainless appliances, laminate flooring, lots of storage space, large yard and so much more! The open concept floor plan allows a wonderful place for entertaining family and friends! Seller is motivated, so bring your buyers by! Buyers must provide new survey.
Investor Tools
$296,000
Estimated Property Value
$157,090Estimated Mortgage Balance
$138,910Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,776 /month
Positive
Cash Flow Estimate:
$592 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$402/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,341
$268,510
2025
$50,000
$218,510
$268,510
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,341
$268,510
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$171,378
No
First
Dec 22, 2021
Jan 2042
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$157,090
$138,910
46%
53%
$1,028/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,028/mo
+$944/mo
8.0%
