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$395,000

NAL Estimated Property Value

3047 Windmill Lane, Farmers Branch, TX, 75234

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,852 Sq Ft
price_per_sqft$180.83 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Storage

Building Information

Year Built1961
Stories1
Roof Type105
Garage Spaces2

Land Information

APN24071500110100000
SubdivisionDutch Village
Land UseResidential
Legal DescriptionDUTCH VILLAGE 2 BLK 00011 LT 0010 INT202100319402 DD10222021 CO-DC 0715001101000 2CF07150011
Census Tract013728
Assessment Year2025

About this property

This cozy 3 bedroom home has been entirely renovated from top to bottom with new countertops, luxury-vinyl plank flooring throughout the living areas, custom shelved fireplace as well as custom open shelving, barn doors, large master shower with marble and porcelain tile and so much more. Nearly everything in this house has been updated! An open space living room with a spacious kitchen that has a modern look makes it easy to decorate. The garage has been completed with new sheetrock, paint and epoxy floor. Sod in the backyard was replaced 2 years ago as well as roof, foundation, HVAC and all large major components of the home have been repaired and replaced within the last 5 years.

Investor Tools

Property Icon
$395,000
Estimated Property Value
$136,613Estimated Mortgage Balance
$258,387Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,370 /month
Positive
Cash Flow Estimate:
$790 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$496/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,973
$332,340
2025
N/A
N/A
$332,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,973
$332,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hometown Lenders Inc
Conventional
$149,600
No
First
Oct 22, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$136,613
$258,387
65%
35%
$897/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
$897/mo
+$1,093/mo
6.0%

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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3047 Windmill Lane | Property Details | No Agent List