1view

Owner Contacts

$221,000

NAL Estimated Property Value

2602 Ripple Road, Dallas, TX, 75241

Off Market

3 Beds

2 Bath

1,232 Sq Ft

Manufactured Home

$86.85 / sqft

Built in 2003

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven

FlooringVinyl

Exterior

Lot Size6,682 sqft

Building Information

Year Built2003

Stories1

Roof Type105

Land Information

APN00000640171000000

Lot Number9

SubdivisionChesterfield Heights

Land UseResidential

Legal DescriptionCHESTERFIELD HEIGHTS BLK C/6881 LT 9 RIPPLE RD & TRACY RD INT202100099593 DD04012021 CO-DC 6881 00C 00900 2006881 00C

Census Tract011401

Assessed Land Value$65,000

Assessed Improvement Value$140,000

Assessment Year2025

About this property

Great investment opportunity. Needs TLC. Being Sold AS-IS. No seller disclosure or survey. This 3-bedroom home features ceiling fans, Full Washer & Dryer Closet, tile countertops, and covered porch. Great starter home or nice for an investor who is looking for a rental. Tenant in place. Tenant can continue to rent or vacate prior to closing. Buyer to verify all info in listing including room & lot sizes, schools, taxes, amenities, etc. Neither Seller nor L.A. makes any warranties or representation as to accuracy

Investor Tools

$221,000

Estimated Property Value

$0Estimated Mortgage Balance

$221,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,326 /month

Positive

Cash Flow Estimate:

$442 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$323/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,768

$205,000

2025

$65,000

$140,000

$205,000

Tax History

Year

Tax Paid

Assessed Value

2024

$2,768

$205,000

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$221,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

N/A

+$1,972/mo

10.7%

Learn About the Market: Opportunity in Dallas

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