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$422,000

2531 Danny Lane, Farmers Branch, TX, 75234

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,828 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$136.71 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range
FlooringConcrete, Laminate, Wood

Exterior

Exterior FeaturesStorage
Lot Size8,428 sqft

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces2

Land Information

APN24083600000090000
Lot Number9
SubdivisionGood
Land UseResidential
Legal DescriptionGOOD ESTATES OF FARMERS BRANCH LOT 9 INT202100241536 DD08122021 CO-DC 0836000000900 2CF08360000
Census Tract014001
Assessed Land Value$240,000
Assessed Improvement Value$138,380
Assessment Year2025

About this property

Great opportunity to be in a great location and close to the park. This home needs a full remodel after the tenants of decades move out but looks to be a pretty strait forward remodel. Needs new flooring and paint and a little foundation work if desired. Walks flat but there are some cracks. Air conditioning system was recently installed. Storage building is nice. The best part of this house is how high the ceilings are throughout the home. Remodeled this home will be gorgeous. So break out the tool belt and make your best offer. Please verify any details. Hope to get new photos soon but seriously do not wait. 2 fireplaces. Deadline Monday 10am.

Investor Tools

Property Icon
$422,000
Estimated Property Value
$0Estimated Mortgage Balance
$180,487Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,532 /month
Positive
Cash Flow Estimate:
$844 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$672/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,951
$378,380
2025
$240,000
$138,380
$378,380
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,951
$378,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homexpress Mortgage Corp
Conventional
$262,500
No
First
Feb 22, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$241,513
$180,487
42%
57%
$1,574/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
$1,574/mo
+$416/mo
5.7%

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.

Explore Texas Explore This Area
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: Farmers Branch

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