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$259,000

NAL Estimated Property Value

1938 El Paso St, Grand Prairie, TX, 75051

$271,607 ARVInfo
Off MarketInfo
Beds7 Beds
Baths5 Bath
Baths3,303 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$121.1 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 7Bedrooms 7
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal
FlooringLaminate

Exterior

Lot Size9,017 sqft

Building Information

Year Built1964
Stories1
Roof Type105

Land Information

APN28052501130110000
Lot Number11
SubdivisionDalworth Park
Land UseResidential
Legal DescriptionDALWORTH PARK BLK 113 W 36' LT 11 & PT ABND ST INT202100290610 DD09242021 CO-DC 0525011301100 4CP05250113
Census Tract016100
Assessed Land Value$70,000
Assessed Improvement Value$164,620
Assessment Year2024

About this property

Don't miss this exceptional investment or multi-generational living opportunity!!! This property presents a compelling opportunity for investors and homeowners alike, offering both significant rental income potential and a flexible layout for multi-generational living. Key features include: A spacious 1,295sqft main house: This residence features a well-designed layout with 3 bedrooms, 3 bathrooms, a dedicated dining area, and a large kitchen, providing ample space for comfortable living. Two 1,000sqft additional rental units: Each of the two separate units includes 2 private bedrooms, bathrooms, and a fully equipped kitchenette. This setup provides independence and privacy for tenants or family members. Turnkey investment: With its ready-to-rent status, this property allows for immediate income generation, making it a sound addition to any investment portfolio. Prime location: Conveniently situated near local parks, schools, and shopping centers, the property also offers easy access to major highways. This 3,303sqft versatile property is designed to meet a variety of needs!!!

Investor Tools

Property Icon
$259,000
Estimated Property Value
$0Estimated Mortgage Balance
$259,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$271,606
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$423/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,775
$234,620
2024
$70,000
$164,620
$234,620
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,775
$234,620

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$259,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
9.1%

Learn About the Market: Opportunity in Texas

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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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1938 El Paso St | Property Details | No Agent List