7view

Owner Contacts

$595,000

NAL Estimated Property Value

2956 Phyllis Ln, Farmers Branch, TX, 75234

Off Market

4 Beds

3 Bath

2,444 Sq Ft

$245.5 / sqft

Built in 2012

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Convection Oven, Double Oven

FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Exterior FeaturesRain Gutters, Private Yard

Lot Size9,750 sqft

Building Information

Year Built2012

Stories1

Roof Type105

Garage Spaces2

Land Information

APN24180500060030000

Lot Number3

SubdivisionValley View

Land UseResidential

Legal DescriptionVALLEY VIEW ESTATES 1 BLK F LT 3 INT202400122397 DD06172024 CO-DC 1805000600300 2CF18050006

Census Tract014001

Assessed Land Value$175,000

Assessed Improvement Value$420,000

Assessment Year2025

About this property

Beautiful Home in highly coveted Valley View Estates features Hand scraped wood floors Spacious kitchen with SS appliances 5 burner gas cooktop Granite counters & island Tumbled marble backsplash Microwave Double convection ovens Walk-in pantry 42 in cabinets & Opens to Living Rm with tiered ceilings reset lights & gas fireplace Formal Dining & Breakfast nook Primary suite separated from other bdrms with tiered ceilings & reset lights Primary bath has double vanities a large Shower & Walk-in closet with seasonal racks 2nd & 3rd bdrms have walk-in closets 4th bdrm with closet is being used as office. Other features 2 in blinds Crown molding Granite counters in secondary baths Double vanity in guest bath Utility room with sink & cabinets Rear entry garage with built in cabinets Extended covered patio Deck area Landscaped yard & Privacy fence. Great location close to schools shopping dining & entertainment Easy access to 635 & 35E Approx 20 min to downtown Dallas DFW Airport or Love Field

Investor Tools

$595,000

Estimated Property Value

$449,210Estimated Mortgage Balance

$145,790Estimated Equity

24% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,600 /month

Positive

Cash Flow Estimate:

$1,200 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,149/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$10,816

$595,000

2025

$175,000

$420,000

$595,000

Tax History

Year

Tax Paid

Assessed Value

2024

$10,816

$595,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

United Wholesale Mortgage

Conventional

$454,510

First

Sep 24, 2025

Oct 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$449,210

$145,790

24%

75%

$2,726/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,600/mo

$2,726/mo

$-126/mo

5.2%

Learn About the Market: Opportunity in Texas

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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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