Street View

1view

Owner Contacts

$242,620

2424 Summit Ln, Dallas, TX, 75227

Off Market

3 Beds

2 Bath

1,198 Sq Ft

Single Family Residence

$112.69 / sqft

Built in 1999

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Vented Exhaust Fan

FlooringVinyl, Wood

Exterior

Lot Size4,000 sqft

Building Information

Year Built1999

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00676400051340000

Lot Number134

SubdivisionHillside Oaks Phs 5 #1

Land UseResidential

Legal DescriptionHILLSIDE OAKS PHS 5 #1 BLK 5/6764 LOT 134 INT202000012654 DD01102020 CO-DC 6764 005 13400 4DA6764 005

Census Tract017605

Assessed Land Value$40,000

Assessed Improvement Value$202,620

Assessment Year2025

About this property

Beautiful 3 bedroom & 2 bath home with open kitchen concept to the dining area. Fire place in Living room with wood like flooring. Home comes with Vinyl Fence Paneling and back decking. Come See it today this will not last long.

Investor Tools

$242,620

Estimated Property Value

$132,554Estimated Mortgage Balance

$111,881Estimated Equity

45% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,456 /month

Positive

Cash Flow Estimate:

$485 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$575/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,681

$242,620

2025

$40,000

$202,620

$242,620

Tax History

Year

Tax Paid

Assessed Value

2024

$5,681

$242,620

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Department Of Housing & Urban Dev

Fha

$132,554

Yes

First

Aug 7, 2023

Feb 2030

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$130,739

$111,881

46%

54%

$825/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$825/mo

+$1,147/mo

9.8%

Learn About the Market: Opportunity in Dallas

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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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