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$413,000

NAL Estimated Property Value

4008 Morman Ln, Addison, TX, 75001

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,875 Sq Ft
DuplexDuplex
price_per_sqft$1.38 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven

Exterior

Lot Size6,380 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces2

Land Information

APN10000926195160100
Lot Number9
SubdivisionMidway Meadows
Land UseResidential
Legal DescriptionMIDWAY MEADOWS BLK C PT LT 9 57.79X110 VOL2003230/11037 DD08272003 CO-DC 0009261951601 31000092619
Census Tract013727
Assessed Land Value$62,500
Assessed Improvement Value$325,750
Assessment Year2025

About this property

Prime location Addison hotspot near Midway and Beltline! Duplex on a corner lot with large mature trees and beautiful landscaping. 3 bedroom 2.5 bath with the Primary bedroom and half bath located downstairs. This condo offers large living room with fireplace and a wet bar. Wood and tile flooring in living room and kitchen with carpeted bedrooms. Granite countertops in kitchen fridge is included! Primary bath comes with separate tub and shower with a walk in closet. Extra storage space upstairs in hallway closet! Come make this duplex your new home, walking distance from the Addison Athletic Center - free for tenant.

Investor Tools

Property Icon
$413,000
Estimated Property Value
$96,065Estimated Mortgage Balance
$316,935Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,478 /month
Positive
Cash Flow Estimate:
$826 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$896/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,692
$388,250
2025
$62,500
$325,750
$388,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,692
$388,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$153,900
No
First
Sep 27, 2010
Oct 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$96,065
$316,935
76%
23%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
N/A
+$2,160/mo
6.3%

City: Addison

4008 Morman Ln | Property Details | No Agent List