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$324,870

NAL Estimated Property Value

3016 Joanna Dr, Farmers Branch, TX, 75234

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,251 Sq Ft
price_per_sqft$263.71 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size9,450 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces1

Land Information

APN24070500050030000
Lot Number3
SubdivisionDutch Village
Land UseResidential
Legal DescriptionDUTCH VILLAGE BLK 5 LOT 3 INT202400183947 DD09102024 CO-DC 0705000500300 2CF07050005
Census Tract013728
Assessed Land Value$180,000
Assessed Improvement Value$144,870
Assessment Year2025

About this property

Back on market due to buyers financing falling through! BRAND NEW ROOF, GUTTERS and AC UNIT plus many other updates in this home in the charming city of Farmers Branch. This lovely four-bed, two-bath home combines comfort with craftsmanship. The house features all new under-house plumbing, a newly repaired foundation with a lifetime transferable warranty and modern electrical updates. The interior boasts a welcoming ambiance highlighted by natural light, shiny granite countertops, breakfast bar, elegant wainscoting, and crown molding. Practical upgrades include a new disposal, new garage door opener, and new range hood. The spacious backyard, adorned with mature shade trees, offers an inviting space for outdoor gatherings. Centrally located yet set in a family-friendly neighborhood, a short walk from a local park, making it an ideal haven for both tranquility and convenience. Flooring allowance with acceptable offer!

Investor Tools

Property Icon
$324,870
Estimated Property Value
$304,858Estimated Mortgage Balance
$20,012Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,979 /month
Positive
Cash Flow Estimate:
$660 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$492/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,278
$324,870
2025
$180,000
$144,870
$324,870
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,278
$324,870

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Funding Lp
Fha
$314,204
Yes
First
Sep 10, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$304,858
$20,012
6%
94%
$1,884/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,600/mo
$1,884/mo
+$716/mo
9.6%

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: Farmers Branch

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3016 Joanna Dr | Property Details | No Agent List