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B+
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$175,020

2234 Scotland Dr, Dallas, TX, 75216

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths902 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.93 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesOther

Exterior

Lot Size6,994 sqft

Building Information

Year Built1940
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000449635000000
Lot Number14
SubdivisionSouthern
Land UseResidential
Legal DescriptionSOUTHERN CREST BLK 6/5851 LT 14 INT201100143413 DD04012011 CO-DC 5851 006 01400 2005851 006
Census Tract008703
Assessed Land Value$80,000
Assessed Improvement Value$95,020
Assessment Year2025

About this property

Attention Investors! This is your chance to bring your vision to life in the heart of Dallas. This unique opportunity includes two separate lots—each with its own address. One lot features an existing home that can be remodeled or torn down to build a brand-new home. You have the flexibility to renovate one and develop the other or build two new homes to maximize your investment. Located in a rapidly growing neighborhood near downtown Dallas and I-45, this area is seeing a surge in new construction, making it an ideal spot for your next project. With high demand for housing, your new build will be in prime position to attract buyers looking for a modern home in a thriving community. Both lots are being sold together—don't miss out on this incredible opportunity! Lot 1: 6,994 sq. ft. – Features an existing home 902 sq. ft., 2-bedroom, 1.5-bath home that can be remodeled or torn down to build a brand-new home. Lot 2: 6,983 sq. ft. – A vacant lot, ready for development 2238 Scotland Drive, Dallas, Texas 75216 (MLS ID: 20834151). Total combined lot size: 13,977 sq. ft.

Investor Tools

Property Icon
$175,020
Estimated Property Value
$0Estimated Mortgage Balance
$175,020Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,050 /month
Positive
Cash Flow Estimate:
$350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$385/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,747
$175,020
2025
$80,000
$95,020
$175,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,747
$175,020

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$175,020
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
N/A
+$1,565/mo
10.7%

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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2234 Scotland Dr | Property Details | No Agent List