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$211,550

NAL Estimated Property Value

3502 Cronk Ln, Dallas, TX, 75227

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,018 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$196.46 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range
FlooringCeramic Tile, Laminate

Exterior

Lot Size10,725 sqft

Building Information

Year Built1949
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000532222400000
Lot Number106
SubdivisionCedar Lake Addn No. 2
Land UseResidential
Legal DescriptionCEDAR LAKE 2 BLK 6179 LOT 106 INT202400106885 DD05282024 CO-DC 6179 000 10600 3006179 000
Census Tract008500
Assessed Land Value$60,000
Assessed Improvement Value$151,550
Assessment Year2025

About this property

Check out this price! A 3-bedroom, 1-bathroom home with a 1-car carport in good condition under $200K; it's hard to find such a deal in DFW. The home features a new roof, and all the cast iron has been replaced with PVC. It has a large yard, perfect for cookouts, and a large slab to add your own covered patio. Although the home needs a bit of TLC and a personal touch, it's perfect for first-time homebuyers, just like the sellers who are now ready for an upgrade. This home could also be an excellent rental property. With only a short 15-minute drive to Downtown Dallas, you'll want to hurry and check it out. There are many options, but not many homes in this price range. This one won't last long!

Investor Tools

Property Icon
$211,550
Estimated Property Value
$183,172Estimated Mortgage Balance
$28,378Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,269 /month
Positive
Cash Flow Estimate:
$423 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$482/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,728
$211,550
2025
$60,000
$151,550
$211,550
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,728
$211,550

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$190,000
No
First
May 28, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$183,172
$28,378
13%
87%
$1,140/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,140/mo
+$832/mo
11.2%

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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3502 Cronk Ln | Property Details | No Agent List