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$257,000

NAL Estimated Property Value

1821 Armstead Ave, Grand Prairie, TX, 75051

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,055 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$236.97 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Gas Water Heater

Exterior

Lot Size5,000 sqft

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces1

Land Information

APN28155500130060100
Lot Number6
SubdivisionMountain Lakeview
Land UseResidential
Legal DescriptionMOUNTAIN LAKEVIEW BLK 13 LT 6 A INT201600362718 DD12202016 CO-DC 1555001300601 4CP15550013
Census Tract016301
Assessed Land Value$60,000
Assessed Improvement Value$151,670
Assessment Year2025

About this property

Welcome to this charming home in the heart of Grand Prairie! This property is the perfect opportunity for a first-time home buyer looking for comfort, convenience, and a great location. Nestled in an established neighborhood, this home offers easy access to shopping, dining, and everyday essentials. Enjoy being just minutes away from popular attractions like EpicCentral and Grand Prairie Premium Outlets, where you’ll find entertainment, restaurants, and retail options for the whole family. With nearby parks, entertainment venues, and quick access to major highways, commuting throughout the DFW metroplex is simple and convenient. Whether you’re looking to purchase your very first home or invest in a property in a growing area, this home offers a fantastic opportunity to own in the thriving community of Grand Prairie. Don’t miss your chance to make this home your own!

Investor Tools

Property Icon
$257,000
Estimated Property Value
$133,824Estimated Mortgage Balance
$123,176Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,542 /month
Positive
Cash Flow Estimate:
$514 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$486/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,547
$211,670
2025
$60,000
$151,670
$211,670
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,547
$211,670

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Paj Enterprises Llc
Commercial
$135,000
No
First
Nov 17, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$133,824
$123,176
47%
52%
$810/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$810/mo
+$1,162/mo
9.2%

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: Grand Prairie

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1821 Armstead Ave | Property Details | No Agent List