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$258,900

2506 Fairfax St, Grand Prairie, TX, 75050

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,030 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$251.36 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Range, Gas Water Heater, Microwave
FlooringWood

Exterior

Exterior FeaturesBuilt-in Barbecue, Rain Gutters, Outdoor Grill, Storage
Lot Size7,754 sqft

Building Information

Year Built1947
Stories1
Roof Type105
Garage Spaces1

Land Information

APN28244500070120000
Lot Number12
SubdivisionWestover Place Rev
Land UseResidential
Legal DescriptionWESTOVER PLACE REV BLK G LT 12 INT202300004165 DD01062023 CO-DC 2445000701200 4CP24450007
Census Tract015700
Assessed Land Value$60,000
Assessed Improvement Value$195,400
Assessment Year2025

About this property

Beautiful two bedroom one bath home had an extensive remodel down to the studs in 2007. Spacious living and dining areas. Home features decorative lighting, wood floors and plantation shutters. Spacious master bedroom with walkin closet. Other bedroom is nice sized. Fenced backyard has a large covered patio with wood fired oven and ceiling fans, storage building and extra uncovered patio space. Two car tandem carport and manuel gate to close off driveway. Front porch is also covered with a ceiling fan and has room for sitting on those cool evenings. Any furniture currently in the house can be left other than items excluded below. Convenient location to I-30 between Dallas and Fort Worth! This is a must see that won't last long!

Investor Tools

Property Icon
$255,400
Estimated Property Value
$246,453Estimated Mortgage Balance
$0Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,553 /month
Positive
Cash Flow Estimate:
$518 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$585/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,749
$255,400
2025
$60,000
$195,400
$255,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,749
$255,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Equity Prime Mortgage Llc
Fha
$246,453
Yes
First
Jan 6, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$301,751
N/A
0%
118%
$1,907/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,907/mo
$-342/mo
7.4%

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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2506 Fairfax St | Property Details | No Agent List