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$260,000

408 Ruby Road, Grand Prairie, TX, 75050

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths1,464 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.6 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range

Exterior

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

A great opportunity with more space, a large lot, and a convenient Grand Prairie location! This single-story brick home sits on an oversized 0.299-acre lot with mature trees and no HOA. It offers 4 bedrooms and 2 full bathrooms. The fourth bedroom was created by enclosing a portion of the original living room, adding a private room while leaving a smaller living area. The spacious backyard has plenty of room for entertaining, gardening, pets, or future improvements. Located near Downtown Grand Prairie with easy access to I-30 and President George Bush Turnpike, the home is centrally positioned between Dallas and Fort Worth. Nearby attractions include Lone Star Park, Grand Prairie Stadium, Texas Trust CU Theatre, EpicCentral, Epic Waters, and Arlington’s entertainment district, including AT&T Stadium, Globe Life Field, and Six Flags. Shopping, restaurants, schools, and parks are also nearby. With a large lot, flexible space, and plenty of potential, this home is ready for its next owner to make it their own! Disclosure: Some listing photos were edited using AI to remove personal belongings and clutter. No structural features or property-condition issues were altered or concealed.

Investor Tools

$192,522Estimated Mortgage Balance
$86,478Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,674 /month
Positive
Cash Flow Estimate:
$558 /month

Interested in this property?

Marlene Luviano

OnDemand Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$515/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,783
$211,950
2025
$45,600
$166,350
$211,950
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,783
$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
$192,522
$86,478
30%
69%
$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