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$305,000

NAL Estimated Property Value

409 Lake Park Drive, Grand Prairie, TX, 75052

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,854 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$99.78 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Plumbed For Ice Maker
FlooringCeramic Tile

Building Information

Year Built1975
Stories1
Roof Type105
Garage Spaces2

Land Information

APN28120500060300000
SubdivisionLake Park Village
Land UseResidential
Legal DescriptionLAKE PARK VILLAGE 2 BLK 6 LT 30 INT202000127920 DD05162020 CO-DC 1205000603000 4CP12050006
Census Tract016407
Assessment Year2025

About this property

Great affordable property in Grand Prairie ISD that qualifies for 10k DPA and closing cost assistance with Bank of America grant program. Huge lot with spacious backyard that's move-in ready the only thing that's missing is the new owner. New paint, flooring, and fixtures are just the beginning of the improvements made by the owner.

Investor Tools

Property Icon
$305,000
Estimated Property Value
$158,450Estimated Mortgage Balance
$146,550Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,830 /month
Positive
Cash Flow Estimate:
$610 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$427/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,596
$260,360
2025
N/A
N/A
$260,360
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,596
$260,360

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$179,450
No
First
May 18, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$158,450
$146,550
48%
52%
$1,076/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$1,076/mo
+$1,044/mo
8.3%

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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409 Lake Park Drive | Property Details | No Agent List