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Owner Contacts

$249,000

NAL Estimated Property Value

2445 Fairfax St, Grand Prairie, TX, 75050

Off Market

3 Beds

1 Bath

1,100 Sq Ft

$204.55 / sqft

Built in 1952

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Water Heater, Gas Range, Microwave, Tankless Water Heater, Vented Exhaust Fan

FlooringGranite, Laminate

Exterior

Exterior FeaturesRain Gutters

Lot Size10,778 sqft

Building Information

Year Built1952

Stories1

Roof Type105

Garage Spaces1

Land Information

APN28169500010120000

Lot Number12

SubdivisionNorth Hills

Land UseResidential

Legal DescriptionNORTH HILLS BLK A LT 12 INT202400054039 DD03182024 CO-DC 1695000101200 4CP16950001

Census Tract015700

Assessed Land Value$60,000

Assessed Improvement Value$169,500

Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. HIGHEST & BEST SUNDAY, 2-18-24 AT 1PM. Welcome to this Charming Early American home, boasting 3 bedrooms, 1 large bathroom, all completely remodeled to seamlessly blend classic charm with modern convenience. Step inside to discover a brightly designed interior featuring craftmanship & attention to detail. The fully updated kitchen is a Cooks delight, showcasing stainless steel appliances & shaker style cabinets with brushed gold accent knobs and a stylish finish. You will love the expansive backyard of this charming Early American home, with plenty of room for entertaining or creating your own garden oasis. Whether hosting bar-b-ques on the large 10 x 14 patio or just enjoying a peaceful afternoon tending to your garden, this extra large backyard provides the ideal backdrop & space for creating lasting memories and embracing the joy of outdoor living. You will love the extra long concrete driveway, 70 ft. long, for plenty of parking for you and your guests!

Investor Tools

$249,000

Estimated Property Value

$183,779Estimated Mortgage Balance

$65,221Estimated Equity

26% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,494 /month

Positive

Cash Flow Estimate:

$498 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$534/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,166

$229,500

2025

$60,000

$169,500

$229,500

Tax History

Year

Tax Paid

Assessed Value

2024

$5,166

$229,500

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Town Square Mortgage & Investments Inc

Conventional

$191,250

First

Mar 15, 2024

Apr 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$183,779

$65,221

26%

74%

$1,147/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$1,147/mo

+$825/mo

9.5%

Learn About the Market: Opportunity in Texas

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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.

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