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$219,900

505 Worthway Drive, Grand Prairie, TX, 75051

PendingInfo
Beds2 Beds
Baths1 Bath
Baths858 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$256.29 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range

Exterior

Lot Size7,349 sqft

Building Information

Year Built1952
Stories1

Land Information

APN21560-B-4
Lot Number4
SubdivisionJefferson Heights Subdivision
Land UseResidential
Legal DescriptionJEFFERSON HEIGHTS SUBDIVISION BLOCK B LOT 4
Census Tract113007
Assessed Land Value$58,800
Assessed Improvement Value$145,632
Assessment Year2025

About this property

Charming, updated home with a dual driveway. Welcome to this beautifully updated home in the heart of Grand Prairie! Offering convenience, privacy, and functionality, this property features driveways on both sides of the house, perfect for extra parking, RVs, or guests. A sliding gate provides secure access to the backyard, where you'll find two spacious storage units—ideal for tools, hobbies, or extra space. Inside, enjoy updated finishes throughout, including updated flooring, fixtures, and more. Whether you're hosting, working from home, or just enjoying your space, this home offers the versatility and peace of mind today's buyers are looking for.

Investor Tools

$188,235Estimated Mortgage Balance
$16,197Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,319 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$210/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,502
$204,432
2025
$58,800
$145,632
$204,432
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,502
$204,432

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$201,286
No
First
Dec 27, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$188,235
$16,197
7%
92%
$1,207/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,207/mo
+$765/mo
11.6%

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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505 Worthway Drive | Property Details | No Agent List