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$290,570

1835 Salem St, Irving, TX, 75061

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,744 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.32 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Electric Cooktop, Electric Oven, Microwave, Refrigerator, Washer

Exterior

Lot Size8,375 sqft

Building Information

Year Built1956
Stories1
Roof Type172

Land Information

APN32408500130280000
Lot Number28
SubdivisionPlymouth Park
Land UseResidential
Legal DescriptionPLYMOUTH PARK 5 BLK 13 LOT 28 INT202300162229 DD08082023 CO-DC 4085001302800 2CI40850013
Census Tract014405
Assessed Land Value$60,000
Assessed Improvement Value$230,570
Assessment Year2025

About this property

Refreshed 3-bedroom, 2-bathroom home featuring an oversized family room with lots of natural lighting. The converted garage can be use as another bedroom or a flex room. All bedrooms and family room have wood floors. Spacious kitchen and dining area with quartz backsplash and countertops. Newly installed farmhouse sink and exposed beams give this place a country-vibe. Refrigerator, Washer and Dryer included in the rent. The backyard is huge and has lots of privacy with mature trees all around along with the board on board fence. Centrally located near highways, restaurants, hospitals and the DFW airport. This will not last long!

Investor Tools

Property Icon
$290,570
Estimated Property Value
$140,000Estimated Mortgage Balance
$157,594Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,743 /month
Positive
Cash Flow Estimate:
$581 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$639/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,213
$290,570
2025
$60,000
$230,570
$290,570
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,213
$290,570

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thomas W Simmons
Purchase Money Mortgage
$140,000
No
First
Aug 8, 2023
Aug 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$132,976
$157,594
54%
46%
$840/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$840/mo
+$1,132/mo
8.1%

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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1835 Salem St | Property Details | No Agent List