254Days on Market

1view

$220,000

2923 Grayson Dr, Dallas, TX, 75224

On Market

2 Beds

1 Bath

942 Sq Ft

Single Family Residence

$233.55 / sqft

Built in 1951

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Garage Available

Cooling

AppliancesElectric Range

FlooringCeramic Tile, Laminate

Exterior

Lot Size7,643 sqft

Building Information

Year Built1951

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000471559000000

Lot Number14

SubdivisionWynnewood Park #2

Land UseResidential

Legal DescriptionWYNNEWOOD PARK 2 BLK 10/5976 LT 14 INT201200162361 DD06052012 CO-DC 5976 010 01400 4DA5976 010

Census Tract006001

Assessed Land Value$95,000

Assessed Improvement Value$84,290

Assessment Year2025

About this property

Opportunity knocks in this up-and-coming pocket of South Dallas! Nestled near the scenic trails of Kiest Park and Oak Cliff Nature Preserve, this property offers the perfect blend of nature and city convenience. With quick access to I-35, commuting to Downtown Dallas or beyond is a breeze. Whether you're looking to renovate, rent, or hold for future appreciation, this location is primed for growth.

Investor Tools

$78,592Estimated Mortgage Balance

$139,408Estimated Equity

63% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,320 /month

Positive

Cash Flow Estimate:

$440 /month

Interested in this property?

Greg Primus

Monument Realty

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$471/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,557

$179,290

2025

$95,000

$84,290

$179,290

Tax History

Year

Tax Paid

Assessed Value

2024

$4,557

$179,290

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Eyk Properties Inc

Unknown

$80,000

First

May 2, 2025

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$78,592

$139,408

63%

36%

$480/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$480/mo

+$1,085/mo

8.6%

Learn About the Market: Opportunity in Dallas

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Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

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