223Days on Market

1view

$234,640

2235 Babalos Lane, Dallas, TX, 75228

On Market

3 Beds

2 Bath

1,708 Sq Ft

Single Family Residence

$137.38 / sqft

Built in 1968

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Oven, Gas Water Heater

FlooringCarpet, Vinyl, Wood

Exterior

Lot Size8,659 sqft

Building Information

Year Built1968

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000725833000000

Lot Number29

SubdivisionHillview Terrace Section 2

Land UseResidential

Legal DescriptionHILLVIEW TERRACE SECTION 2 BLK 10/7376 LT 29 INT202300113784 DD06082023 CO-DC 7376 010 02900 3007376 010

Census Tract012302

Assessed Land Value$60,000

Assessed Improvement Value$238,230

Assessment Year2025

About this property

APPROVED TO BE SOLD FOR $62,000 BELOW 2026 ASSESSED VALUE!!!!!! 3Bed 2Bath 2Garage Home located in the HILLVIEW TERRACE SECTION Subdivision of Dallas. Close to major freeways including I-30, I-635 and Hwy 80. Featuring Stainless Steele Refrigerator, Black appliances Microwave and Dishwasher. Also features Carpet, Laminate Flooring, and Over Sized Backyard perfect for backyard entertaining. Large Primary Suite features separate vanities, shower and walk in closet. This home is perfect for 1st time home buyer or Tons of potential as this is an INVESTOR'S DREAM. This home has tremendous ROI potential for either long term holding or short turn over. Requiring some repairs however, this property is a hidden jewel.

Investor Tools

$298,230

Estimated Property Value

$0Estimated Mortgage Balance

$18,462Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,789 /month

Positive

Cash Flow Estimate:

$596 /month

Interested in this property?

LeRon Morris

Norel Solutions Real Estate,

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$678/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,641

$298,230

2025

$60,000

$238,230

$298,230

Tax History

Year

Tax Paid

Assessed Value

2025

$6,641

$298,230

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Fairway Independent Mortgage Corp

Fha

$295,548

Yes

First

Jun 8, 2023

Jul 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$279,768

$18,462

94%

$1,772/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$1,772/mo

+$200/mo

7.9%

Learn About the Market: Opportunity in Dallas

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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.

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