Street View

B+

NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$198,080

NAL Estimated Property Value

3035 Morgan Drive, Dallas, TX, 75241

Off Market

3 Beds

2 Bath

1,250 Sq Ft

Single Family Residence

$120 / sqft

Built in 1958

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Garage Available

Heating Central

Cooling

AppliancesElectric Cooktop, Electric Oven, Vented Exhaust Fan

FlooringLaminate, Vinyl

Exterior

Lot Size14,856 sqft

Building Information

Year Built1958

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000755779000000

Lot Number2

SubdivisionAlta Mesa Park

Land UseResidential

Legal DescriptionALTA MESA PARK ESTATES 2ND INST BLK 19/7614 NE PT LT 2 INT202100105400 DD04072021 CO-DC 7614 019 00200 2007614 019

Census Tract016711

Assessed Land Value$80,000

Assessed Improvement Value$118,080

Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED- FINAL AND BEST DUE BY MONDAY 3-8-2021 6PM-Corner Lot ALERT! Huge Oversized lot 0.341 Acres! Home is well maintained and Completely Move in ready! This property has so much potential whether you want to build onto the home, create and oasis on the pool sized backyard, or whatever your heart desires, you have the space to do so! New roof updated in 2017 condenser changed out in 2020 !!, this is a one of a kind gem for this area so do not miss out! We will open up showing times for Monday!

Investor Tools

$198,080

Estimated Property Value

$133,097Estimated Mortgage Balance

$64,983Estimated Equity

32% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,188 /month

Positive

Cash Flow Estimate:

$396 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$451/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,427

$198,080

2025

$80,000

$118,080

$198,080

Tax History

Year

Tax Paid

Assessed Value

2024

$4,427

$198,080

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Integrity Mortgage Corporation Of Texas

Conventional

$147,440

First

Apr 7, 2021

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$133,097

$64,983

32%

67%

$884/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$884/mo

+$1,088/mo

11.9%

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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