$254,510
NAL Estimated Property Value3835 Summitt Ridge Dr, Dallas, TX, 75216
Off Market
Property Lead Type:
Off-Market ListAbsentee OwnerVacant Homes
Highlights
Interior
AppliancesGas Range
FlooringLaminate
Exterior
Lot Size7,500 sqft
Building Information
Year Built1955
Stories1
Roof Type105
Land Information
APN00000479887000000
Lot Number22
SubdivisionMarsalis Park
Land UseResidential
Legal DescriptionMARSALIS PARK BLK C/6003 LT 22 INT202200320457 DD12192022 CO-DC 6003 00C 02200 2DA6003 00C
Census Tract005902
Assessed Land Value$70,000
Assessed Improvement Value$184,510
Assessment Year2025
About this property
PRICED TO SELL!!! Come see this cute and cozy remodeled 3 bedrooms and 2 bath in the heart of Dallas Tx. This house is very near downtown Dallas, Bishop Art District and much more. Home features new flooring, new kitchen cabinets, Kitchen Island and a good size backyard among other great features to enjoy with family or friends. Schedule your appointment today and move in to this gorgeous home.
Investor Tools
$254,510
Estimated Property Value
$231,721Estimated Mortgage Balance
$22,789Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,593 /month
Positive
Cash Flow Estimate:
$531 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$580/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,688
$254,510
2025
$70,000
$184,510
$254,510
No
Tax History
Year
Tax Paid
Assessed Value
2024
$5,688
$254,510
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$247,350
No
First
Dec 19, 2022
Jan 2053
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$231,721
$22,789
8%
91%
$1,483/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,483/mo
+$489/mo
9.3%
