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$169,900

3155 E Ledbetter Drive, Dallas, TX, 75216

$216,318 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,400 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$121.36 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

BankruptcyPre-ForeclosureMust-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher

Exterior

Lot Size9,835 sqft

Building Information

Year Built1955
Stories1
Roof Type105

Land Information

APN00000446800000000
Lot Number15
SubdivisionAnn Arbor
Land UseResidential
Legal DescriptionANN ARBOR LOT 15 LEDBETTER & BISMARK INT202300047020 DD03102023 CO-DC 5841 000 01500 2005841 000
Census Tract008701
Assessed Land Value$70,000
Assessed Improvement Value$178,300
Assessment Year2025

About this property

Excellent opportunity in a prime location just 10 minutes from Downtown Dallas! This property offers incredible potential and is ready for your personal touch, making it an ideal investment property, rental, or forever home. The kitchen features stone countertops, a center island with breakfast bar seating, a single-basin sink, and an open-concept layout overlooking the spacious living area—perfect for entertaining family and friends. Multiple living spaces provide flexibility for relaxation, work, or recreation. Step outside to an open patio overlooking a private backyard shaded by mature trees and enclosed by an 8-foot privacy fence, creating a great space for outdoor enjoyment. Conveniently located with easy access to major highways, shopping, dining, and entertainment destinations, this home combines location, value, and opportunity. Don't miss your chance to make it your own—schedule your showing today!

Investor Tools

$214,716Estimated Mortgage Balance
$33,584Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$216,317
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,490 /month
Positive
Cash Flow Estimate:
$497 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$564/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,529
$248,300
2025
$70,000
$178,300
$248,300
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,529
$248,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Conventional
$228,000
No
First
Mar 10, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$214,716
$33,584
13%
86%
$1,367/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,367/mo
+$605/mo
9.5%

Learn About the Market: Opportunity in Dallas

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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3155 E Ledbetter Drive | Property Details | No Agent List