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$266,000

NAL Estimated Property Value

2309 Homewood Lane, Grand Prairie, TX, 75050

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,157 Sq Ft
price_per_sqft$138.28 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet

Exterior

Lot Size1,848 sqft

Building Information

Year Built2005
Stories2
Roof Type105
Garage Spaces1

Land Information

APN281036000B0210000
Lot Number21
SubdivisionJanuary Lane Town Homes
Land UseResidential
Legal DescriptionJANUARY LANE TOWN HOMES BLK B LT 21 INT202200110913 DD04202022 CO-DC 1036000B02100 4CP1036000B
Census Tract015404
Assessed Land Value$48,000
Assessed Improvement Value$195,080
Assessment Year2025

About this property

Size Up for sale is this wonderful two bedroom townhome. It is a two bedroom townhome and both bedrooms are upstairs. This home is quaint and offers just enough room and free from the feeling of being overwhelmed with too much house to clean. Accessibility The home is located near HWY 161 and has very fast access to all the major highways. This is a great place that is centrally located and offers the comforts of a home built in 2005.

Investor Tools

Property Icon
$266,000
Estimated Property Value
$235,656Estimated Mortgage Balance
$30,344Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,596 /month
Positive
Cash Flow Estimate:
$532 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$587/month
$50/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,720
$243,080
2025
$48,000
$195,080
$243,080
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,720
$243,080

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Fha
$255,192
Yes
First
Apr 20, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$235,656
$30,344
11%
89%
$1,531/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,581/mo
$-16/mo
7.1%

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.

Explore Texas Explore This Area
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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2309 Homewood Lane | Property Details | No Agent List