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Owner Contacts

$575,000

NAL Estimated Property Value

3492 Salisbury Dr, Dallas, TX, 75229

Off Market

3 Beds

3 Bath

2,130 Sq Ft

$159.58 / sqft

Built in 1969

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Oven

FlooringOther

Exterior

Lot Size10,875 sqft

Building Information

Year Built1969

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000586186000000

Lot Number16

SubdivisionWalnut Gardens

Land UseResidential

Legal DescriptionWALNUT GARDENS BLK 4/6426 LOT 16 SALISBURY DR & CROMWELL DR INT202400076601 DD04152024 CO-DC 6426 004 01600 1006426 004

Census Tract009702

Assessed Land Value$225,000

Assessed Improvement Value$350,000

Assessment Year2025

About this property

FIXER UPPER. This home is in need of significant updates and upgrades. Roof replaced 2019 per owner. Heat and air system was replaced in May 2016. There has been foundation work on this home previously. Garage door replaced 2019. Will need all new flooring and some areas may require going to the studs for sheetrock replacement. Will most likely have ot be purchased with cash or conventional financing. This subdivision produces nice resale numbers on homes that are refurbished. Vacant for easy showings and reviews.

Investor Tools

$575,000

Estimated Property Value

$372,582Estimated Mortgage Balance

$202,418Estimated Equity

35% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,450 /month

Positive

Cash Flow Estimate:

$1,150 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,311/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$12,851

$575,000

2025

$225,000

$350,000

$575,000

Tax History

Year

Tax Paid

Assessed Value

2024

$12,851

$575,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Crosscountry Mortgage Llc

Conventional

$375,000

First

Apr 11, 2024

May 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$372,582

$202,418

35%

65%

$2,321/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$2,321/mo

$-349/mo

4.1%

Learn About the Market: Opportunity in Dallas

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