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$507,000

2468 Lakeland Dr, Grand Prairie, TX, 75054

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,049 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.18 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size6,299 sqft

Building Information

Year Built2003
Stories2
Garage Spaces2

Land Information

APN23555H-F-19
Lot Number19
SubdivisionLanding At Grand Peninsula
Land UseResidential
Legal DescriptionLANDING AT GRAND PENINSULA BLOCK F LOT 19
Census Tract111566
Assessed Land Value$60,000
Assessed Improvement Value$322,000
Assessment Year2025

About this property

Immaculately maintained and move-in ready, this stunning 4+ bedroom, 2.5-bath home offers the perfect blend of luxury, comfort, and functionality. Located in Grand Peninsula community with access to the neighborhood pool, this exceptional home backs directly to a scenic walking trail and is zoned for Lake Ridge High School. Designed for both everyday living and entertaining, the spacious open-concept floor plan features soaring vaulted ceilings, rich hardwood floors, gas fireplace with gas logs, and abundant natural light. The gourmet kitchen showcases granite countertops, an oversized island with seating, a pass-through breakfast bar, stainless steel appliances, a gas cooktop, a walk-in pantry, and a bright eat-in dining area. The versatile floor plan includes four bedrooms plus a flexible fifth room that can serve as a home office, guest room, playroom, or workout space. Enjoy movie nights in the dedicated media room, complete with a projector and large screen. Additional features include updated kitchen and bathrooms, ceiling fans throughout, washer and dryer hookups, and a refrigerator. Step outside to the private fenced backyard with direct access to the nature trail leading to the community pool. This exceptional home has been meticulously cared for and truly shows even better in person than in the photos. Perfect for families or executive relocation, this is a rare lease opportunity you won't want to miss. No utilities included. Is pet friendly with additional deposit.

Investor Tools

Property Icon
$507,000
Estimated Property Value
$348,000Estimated Mortgage Balance
$191,632Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,042 /month
Positive
Cash Flow Estimate:
$1,014 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$724/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,152
$382,000
2025
$60,000
$322,000
$382,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,152
$382,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Legend Bank Na
Commercial
$348,000
No
First
Aug 2, 2021
Aug 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$315,976
$175,024
35%
62%
$2,087/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,890/mo
$2,087/mo
+$803/mo
6.8%

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.

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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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