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$348,000

NAL Estimated Property Value

2969 Eric Ln, Farmers Branch, TX, 75234

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,388 Sq Ft
price_per_sqft$265.85 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Washer
FlooringHardwood, Tile

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces2

Land Information

APN24181500030070000
SubdivisionValley View Estates
Land UseResidential
Legal DescriptionVALLEY VIEW ESTATES 2 BLK 3 LT 7 VOL2003127/6837 DD06252003 CO-DC 1815000300700 12418150003
Census Tract014001
Assessment Year2025

About this property

GREAT LOCATION! GORGEOUS HARDWOODS! 3-Bed, 2-Bath 2-Car Garage home in Prime Farmers Branch location! Charming 1,388 sq ft home. Tons of character, amazing hardwood floors, kitchen open to living room, very spacious bedrooms, and remodeled bathrooms (2024). Hail-resistant roof (2020). HVAC replaced with Lennox system (2024). Enjoy a large fenced backyard with detached storage shed. Nestled on a quiet, beautiful street in a great neighborhood—just minutes from parks, schools, and shopping. Great location with easy access to Love Field, DFW airport, Addison, Galleria area, tollway, I 35 & I 635. Move-in ready and full of charm!

Investor Tools

Property Icon
$348,000
Estimated Property Value
$236,490Estimated Mortgage Balance
$111,510Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,214 /month
Positive
Cash Flow Estimate:
$738 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$669/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,284
$305,000
2025
N/A
N/A
$305,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,284
$305,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Mortgage Associates Inc
Conventional
$240,000
No
First
Jul 31, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$236,490
$111,510
32%
68%
$1,439/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
$1,439/mo
+$551/mo
6.9%

City: Farmers Branch

2969 Eric Ln | Property Details | No Agent List