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$201,000

NAL Estimated Property Value

2508 Summit Ln, Dallas, TX, 75227

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,268 Sq Ft
DuplexDuplex
price_per_sqft$158.52 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher

Exterior

Lot Size4,269 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00676400051200000
Lot Number120
SubdivisionHillside Oaks Ph 3
Land UseResidential
Legal DescriptionHILLSIDE OAKS PH 3 BLK 5/6764 LOT 120 INT202200296654 DD11162022 CO-DC 6764 005 12000 4DA6764 005
Census Tract017605
Assessed Land Value$50,000
Assessed Improvement Value$146,440
Assessment Year2025

About this property

**READ THE WHOLE LISTING... EACH SIDE SOLD SEPARATELY. Both sides 2504 and 2508 being sold together. Both sides total 2268sq ft. Turnkey Investment Property fully rented with CASH FLOW! Great opportunity to purchase a duplex in a highly marketable area with tons of Cash flow!! 2504 Summit is a 2 bedroom 1 bath 1 car garage fully updated with new paint, carpet, and tile. 2508 is a 3 bedroom 2 full bath 1 car garage fully updated with new paint, tile, granite countertops, and carpet. New roof for both sides in 2014. New Siding and Paint in 2020. Great rental history with annual increases of 5-8%. No showings until fully executed contract. Please do not bother tenants. Contact: CJC Properties at [email protected] or 214-280-0689 (Clinton) for more information.

Investor Tools

Property Icon
$201,000
Estimated Property Value
$162,617Estimated Mortgage Balance
$38,383Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,206 /month
Positive
Cash Flow Estimate:
$402 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$450/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,390
$196,440
2025
$50,000
$146,440
$196,440
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,390
$196,440

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Va
$173,892
Yes
First
Nov 16, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$162,617
$38,383
19%
81%
$1,043/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,043/mo
+$929/mo
11.8%

City: Dallas

2508 Summit Ln | Property Details | No Agent List