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B+
NoAgentList RatingHow are grades calculated? Info

$277,000

408 Ruby Road, Grand Prairie, TX, 75050

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,464 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.74 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesStorage
Lot Size13,029 sqft

Building Information

Year Built1951
Stories1
Roof Type105

Land Information

APN28131500010120000
Lot Number12
SubdivisionMarler Hills
Land UseResidential
Legal DescriptionMARLER HILLS BLK A LOT 12 INT202100389956 DD12282021 CO-DC 1315000101200 4CP13150001
Census Tract015500
Assessed Land Value$45,600
Assessed Improvement Value$166,350
Assessment Year2025

About this property

Lovely 3 BR home sits on an oversize lot with mature shade trees and a quiet street. This home has been recently updated! Original Hardwood Floors, fresh paint throughout, updated bathrooms, and new carpet in the bedrooms. Close to schools, shopping, and restaurants, and only minutes from the 30 and George Bush Toll. Storage buildings for extra storage. Owner will finance with 15% down, 7% interest, 30 year term.

Investor Tools

Property Icon
$277,000
Estimated Property Value
$0Estimated Mortgage Balance
$83,385Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,662 /month
Positive
Cash Flow Estimate:
$554 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$553/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,248
$211,950
2025
$45,600
$166,350
$211,950
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,248
$211,950

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mk Vergara Corporation
Purchase Money Mortgage
$211,225
No
First
Dec 28, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$193,615
$83,385
30%
70%
$1,267/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,267/mo
+$705/mo
8.5%

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.

Explore Texas Explore This Area
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: Grand Prairie

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408 Ruby Road | Property Details | No Agent List