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$599,000

3447 Rankin Street, University Park, TX, 75205

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,324 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$452.42 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Refrigerator
FlooringCarpet, Wood

Exterior

Lot Size14,560 sqft

Building Information

Year Built1983
Stories3
Roof Type105
Garage Spaces1

Land Information

APN60211550000103447
Lot Number2,2A-3
SubdivisionTwo Rankin Place Condominiums
Land UseResidential
Legal DescriptionTWO RANKIN PLACE CONDOMINIUMS BLK 5 LTS 2A-3 BLDG 1 UNIT 3447 CE 11.4638% INT202400054134 DD03152024 CO-DC 2115500500200
Census Tract019400
Assessed Land Value$216,990
Assessed Improvement Value$481,420
Assessment Year2025

About this property

This two-story Park Cities condo is the perfect investment opportunity with walking distance to Snider Plaza. Built in 1983, it offers two bedrooms and two bathrooms, with a private outdoor patio downstairs. As you walk upstairs, you enter the spacious living room with an open kitchen and dining room. Located in the highly sought after Highland Park school district, you are surrounded by a wonderful community with shops, restaurants and a grocery store within steps of your front door. Tenant is currently occupying until March for $2600 a month.

Investor Tools

Property Icon
$698,410
Estimated Property Value
$0Estimated Mortgage Balance
$410,129Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,190 /month
Positive
Cash Flow Estimate:
$1,397 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,240/month
$167/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,384
$698,410
2025
$216,990
$481,420
$698,410
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,384
$698,410

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aaa Capital Investment Inc
Conventional
$300,000
No
First
Mar 15, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$288,281
$410,129
58%
41%
$1,799/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,200/mo
$1,966/mo
+$234/mo
3.8%

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.

Explore Texas Explore This Area
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: University Park

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3447 Rankin Street | Property Details | No Agent List