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$365,000

2617 Magnolia Dr, Irving, TX, 75062

Under ContractInfo
Beds4 Beds
Baths2 Bath
Baths2,318 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$157.46 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Gas Water Heater, Microwave
FlooringLaminate, Vinyl

Exterior

Exterior FeaturesLighting
Lot Size9,425 sqft

Building Information

Year Built1967
Stories1
Roof Type105
Garage Spaces2

Land Information

APN32477500020240000
Lot Number24
SubdivisionSeven Oaks
Land UseResidential
Legal DescriptionSEVEN OAKS BLK B LOT 24 INT202100381250 DD12212021 CO-DC 4775000202400 2CI47750002
Census Tract014315
Assessed Land Value$75,000
Assessed Improvement Value$332,930
Assessment Year2025

About this property

Location, location, location! Welcome to 2617 Magnolia Drive, ideally situated in Irving with DFW International Airport just minutes away, making this an excellent choice for frequent travelers, airline and airport employees, or anyone looking for convenient access throughout the DFW Metroplex. This established brick home offers a spacious and flexible floor plan with multiple living and dining areas, perfect for entertaining, working from home, or everyday living. The kitchen features granite countertops, ample cabinetry, and a breakfast bar, while a brick fireplace adds warmth and character. Hard-surface flooring throughout much of the home provides easy maintenance, and the primary suite features an updated bath with dual sinks and a beautifully tiled shower. Step outside to a fenced backyard with mature shade trees, a patio, and plenty of room to relax or entertain. Solar panels are included with the home, offering an added energy-efficient feature. A two-car garage completes the package. With quick access to major highways, Las Colinas, shopping, dining, entertainment, and employment centers, this Irving home puts you right in the middle of everything the Dallas-Fort Worth area has to offer.

Investor Tools

$138,190Estimated Mortgage Balance
$269,740Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,448 /month
Positive
Cash Flow Estimate:
$816 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$445/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,295
$407,930
2025
$75,000
$332,930
$407,930
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,295
$407,930

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$145,000
No
First
Jan 25, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$138,190
$269,740
66%
34%
$870/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$870/mo
+$1,102/mo
5.8%

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: Irving

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2617 Magnolia Dr | Property Details | No Agent List