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$450,000

226 Leda Dr, Dallas, TX, 75218

On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,168 Sq Ft
price_per_sqft$385.27 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range
FlooringWood

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size8,217 sqft

Building Information

Year Built1953
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000670741000000
SubdivisionLake Highland Estates No 7
Land UseResidential
Legal DescriptionLAKE HIGHLAND ESTATES NO 7 BLK 3/7079 LT 7 INT202000219471 DD08142020 CO-DC 7079 003 00700 3007079 003
Census Tract012900
Assessment Year2025

About this property

Charming Old Lake Highlands cottage near White Rock Lake with fresh exterior paint, inviting curb appeal and classic East Dallas character. This 3-bedroom, 1-bath home offers 1,168 square feet with real hardwood floors, original moldings and warm vintage details throughout. The kitchen features granite counters, and the recently updated bath adds a fresh, functional touch. An attached 1-car garage provides parking, storage and space for the washer and dryer. Set on an approximately 60 x 133 lot, with about 8,215 square feet, the home offers a sizable backyard and large deck for morning coffee, evening cocktails, pets, gardening or weekend gatherings. Per seller, the interior and exterior HVAC units were replaced prior to the current owner’s purchase in 2020. Located in one of East Dallas’ most loved established neighborhoods, Old Lake Highlands is known for its leafy streets, neighborhood feel, proximity to White Rock Lake, and easy access to nearby parks, trails, shopping and dining. Located in the Hexter Elementary attendance area.

Investor Tools

$244,763Estimated Mortgage Balance
$221,418Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,791 /month
Positive
Cash Flow Estimate:
$930 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$718/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,289
$465,180
2025
N/A
N/A
$465,180
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,289
$465,180

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$275,500
No
First
Aug 14, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$244,763
$220,417
47%
53%
$1,652/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$1,652/mo
+$428/mo
5.4%

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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226 Leda Dr | Property Details | No Agent List