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$330,000

NAL Estimated Property Value

2616 Leta Mae Ln, Farmers Branch, TX, 75234

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,314 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.52 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Microwave, Refrigerator, Washer
FlooringCarpet, Ceramic Tile

Building Information

Year Built1953
Stories1
Roof Type105
Garage Spaces2

Land Information

APN24107500020050000
SubdivisionLetha Lee Heights
Land UseResidential
Legal DescriptionLETHA LEE HEIGHTS BLK B LOT 5 INT201000144674 DD05262010 CO-DC 1075000200500 2CF10750002
Census Tract014001
Assessment Year2025

About this property

Great opportunity to live in the heart of Farmers Branch! This home has been thoughtfully updated for you and your friends and family! A key feature is the generous primary bedroom with ample space for a desk or private sitting area, en suite bathroom included. The secondary bedrooms are spacious and well lit with natural lighting. The living room is bright and quite large, plenty of room for entertaining or relaxing at the end of the day with a little tv time. Cooking is a breeze in the roomy kitchen with dining area, which has the laundry closet nicely tucked away next to it, stackable washer and dryer included. Enjoy the covered back patio all year round, lots of room for grilling and hanging out. This location is convenient to I35 and 635, city parks including the new glow in the dark Joya at Oran Good Park are within walking distance. The detached garage is in use by the owner, so there will be no access for the tenants but there is plenty of driveway parking.

Investor Tools

Property Icon
$330,000
Estimated Property Value
$0Estimated Mortgage Balance
$330,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,980 /month
Positive
Cash Flow Estimate:
$660 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$469/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,975
$255,610
2025
N/A
N/A
$255,610
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,975
$255,610

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$330,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
N/A
+$1,990/mo
7.2%

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: Farmers Branch

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2616 Leta Mae Ln | Property Details | No Agent List