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$370,000

NAL Estimated Property Value

2927 Eric Ln, Farmers Branch, TX, 75234

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,524 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.18 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market 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
AppliancesElectric Range, Gas Range, Microwave
FlooringCarpet, Laminate

Exterior

Lot Size9,100 sqft

Building Information

Year Built1963
Stories1
Roof Type105
Garage Spaces4

Land Information

APN24180500050060000
Lot Number6
SubdivisionValley View
Land UseResidential
Legal DescriptionVALLEY VIEW ESTATES 1 BLK E LOT 6 INT201400212197 DD08192014 CO-DC 1805000500600 2CF18050005
Census Tract014001
Assessed Land Value$175,000
Assessed Improvement Value$178,780
Assessment Year2025

About this property

Awesome opportunity to rent in the Janie Stark Elementary School. This great 3 bed, 2 bath, 2 living area home is situated on a great block in Valley View Estates. It is clean and ready for the discerning tenant. There is a 2-car garage and a carport. Pets will be considered on a case by case basis. Yes, there is a fenced backyard. This home is walking distance to schools, shopping, parks and restaurants. Access to LBJ, I-35 and the Toll Road are a breeze. Don't miss out on this great home.

Investor Tools

Property Icon
$370,000
Estimated Property Value
$61,816Estimated Mortgage Balance
$308,184Estimated Equity
83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,220 /month
Positive
Cash Flow Estimate:
$740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$762/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,289
$353,780
2025
$175,000
$178,780
$353,780
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,289
$353,780

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Choice Loan Services Inc
Conventional
$83,400
No
First
Aug 19, 2014
Sep 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$61,816
$308,184
83%
17%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
N/A
+$1,990/mo
6.5%

City: Farmers Branch

2927 Eric Ln | Property Details | No Agent List