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$215,590

NAL Estimated Property Value

408 Norma Drive, Irving, TX, 75061

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,039 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$163.62 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan, Gas Water Heater
FlooringVinyl, Wood

Exterior

Lot Size8,804 sqft

Building Information

Year Built1953
Stories1
Roof Type105

Land Information

APN32138500030030000
Lot Number3
SubdivisionGarden Oaks
Land UseResidential
Legal DescriptionGARDEN OAKS 2 BLK C LOT 3 INT202300064838 DD04012023 CO-DC 1385000300300 2CI13850003
Census Tract015202
Assessed Land Value$60,000
Assessed Improvement Value$155,590
Assessment Year2025

About this property

Great potential and room to grow in this two bedroom, one bath home which sits on a spacious interior lot. Home has original hardwood floors, large utility with tons of storage, good-sized combination living and dining area, and a huge backyard! Gas meter and interior gas lines were replaced in 2012; Gas range, disposer, and water heater were recently replaced. New roof to be installed and exterior painted prior to closing. Some evident wear and tear and deferred maintenance, but a solid home with good bones! Great rental or starter home! In Central Irving, only five minutes from transit Downtown Irving-Heritage Crossing Station! Being offered AS IS.

Investor Tools

Property Icon
$215,590
Estimated Property Value
$0Estimated Mortgage Balance
$215,590Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,294 /month
Positive
Cash Flow Estimate:
$431 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$361/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,260
$215,590
2025
$60,000
$155,590
$215,590
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,260
$215,590

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$215,590
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
N/A
+$1,565/mo
8.7%

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.

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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: Irving

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408 Norma Drive | Property Details | No Agent List