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$218,320

NAL Estimated Property Value

3218 Cedar Lake Drive, Dallas, TX, 75227

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,084 Sq Ft
price_per_sqft$175.18 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesGas Range
FlooringLaminate, Vinyl, Wood

Exterior

Exterior FeaturesStorage
Lot Size10,725 sqft

Building Information

Year Built1949
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000532234000000
Lot Number119
SubdivisionCedar Lake Addition #2
Land UseResidential
Legal DescriptionCEDAR LAKE 2 BLK 6179 LT 119 INT202200214486 DD07292022 CO-DC 6179 000 11900 3006179 000
Census Tract008500
Assessed Land Value$60,000
Assessed Improvement Value$158,320
Assessment Year2025

About this property

Cute Well-Maintained Home, Aluminum Siding, Storm Doors, Convenient Location. Garage Conversion allowed for additional 220 sq ft third bedroom and Laundry Room not included on Tax Roll. Original Wood Floors. Central Heat & Air 2012, Roof 2016, Water Heater 2015, 32-inch Kitchen Cabinets, Breakfast Bar, Iron Fence with Electric Gate, 4 Car Carport. 2 Buildings out back, 21 X 11 and 10 X 16. Covered Deck across back of home 11 X 21 overlooks large, shaded backyard with extra parking if needed.

Investor Tools

Property Icon
$218,320
Estimated Property Value
$184,633Estimated Mortgage Balance
$33,687Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,310 /month
Positive
Cash Flow Estimate:
$437 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$266/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,105
$218,320
2025
$60,000
$158,320
$218,320
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,105
$218,320

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Groves Capital Inc
Conventional
$198,850
No
First
Jul 29, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$184,633
$33,687
15%
85%
$1,193/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,193/mo
+$779/mo
10.8%

City: Dallas

3218 Cedar Lake Drive | Property Details | No Agent List