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$162,530

3422 Falls Dr, Dallas, TX, 75211

$167,081 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths868 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$167.05 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Cooktop

Exterior

Lot Size7,310 sqft

Building Information

Year Built1947
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000462601000000
Lot Number6
SubdivisionBluebonnet Heights
Land UseResidential
Legal DescriptionBLUEBONNET HEIGHTS BLK 5/5960 LT 6 INT200900274949 DD09252009 CO-DC 5960 005 00600 2005960 005
Census Tract006502
Assessed Land Value$80,000
Assessed Improvement Value$82,530
Assessment Year2025

About this property

Affordable Dallas Opportunity – Owner Financing Available! Discover the potential in this 2-bedroom, 1-bathroom home conveniently located just 15 minutes from Downtown Dallas and 10 minutes from Bishop Arts District. Featuring a detached 2-car garage and sitting in an established neighborhood, this property is the lowest-priced home in the area, making it perfect for investors or buyers looking to build equity. The home needs some work, but offers great bones and endless possibilities for renovation or customization. Whether you’re a first-time buyer looking for an affordable entry into the Dallas market or an investor seeking your next project, this is an opportunity you won’t want to miss. Owner financing is available, making it easier than ever to own a property in one of Dallas’s most desirable and growing areas. Schedule your showing today and imagine the possibilities!

Investor Tools

Property Icon
$162,530
Estimated Property Value
$115,000Estimated Mortgage Balance
$48,532Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$167,081
Rent-to-Value Ratio: 0.72%
Rent Estimate
$975 /month
Positive
Cash Flow Estimate:
$325 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$370/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,633
$162,530
2025
$80,000
$82,530
$162,530
Yes (2020)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,633
$162,530

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bluebonnet Buyers Llc
Purchase Money Mortgage
$115,000
No
First
Nov 7, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$113,998
$48,532
29%
70%
$690/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$690/mo
+$1,282/mo
14.6%

Learn About the Market: Opportunity in Dallas

Local Market Pages
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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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3422 Falls Dr | Property Details | No Agent List