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$271,120

NAL Estimated Property Value

1722 Armstead Ave, Grand Prairie, TX, 75051

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,512 Sq Ft
price_per_sqft$115.74 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Other
FlooringCeramic Tile, Laminate

Exterior

Lot Size8,191 sqft

Building Information

Year Built1972
Stories1
Roof Type105

Land Information

APN28155500060010000
Lot Number1R
SubdivisionMountain Lakeview
Land UseResidential
Legal DescriptionMOUNTAIN LAKEVIEW BLK 6 LOT 1R INT201900220193 DD08192019 CO-DC 1555000600100 4CP15550006
Census Tract016301
Assessed Land Value$60,000
Assessed Improvement Value$211,120
Assessment Year2025

About this property

Completely remodeled home with stainless steel kitchen appliances, large living room area with remodeled fireplace, back covered porch, ceramic and laminated flooring, fan ceilings, great illumination. Roof replaced in July 2019, foundation work in July 2019 with 10 year warranty, new paint inside and outside, walking distance to the Mountain Creek Lake, and very close to the Prairie Lakes Golf Course.

Investor Tools

Property Icon
$271,120
Estimated Property Value
$38,564Estimated Mortgage Balance
$232,556Estimated Equity
85% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,627 /month
Positive
Cash Flow Estimate:
$542 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$410/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,561
$271,120
2025
$60,000
$211,120
$271,120
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,561
$271,120

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Credit Union Of Texas
Credit Line (Revolving) / Heloc
$40,001
No
First
May 22, 2024
Jun 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$38,564
$232,556
85%
14%
$240/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$240/mo
+$1,732/mo
8.7%

City: Grand Prairie

1722 Armstead Ave | Property Details | No Agent List