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$366,018

NAL Estimated Property Value

507 Oak Crest St, Lake Dallas, TX, 75065

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,540 Sq Ft
price_per_sqft$233.77 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Electric Oven, Microwave, Refrigerator

Exterior

Exterior FeaturesStorage
Lot Size10,799 sqft

Building Information

Year Built1992
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR62890
Lot Number12
SubdivisionOak Lakes
Land UseResidential
Legal DescriptionOAK LAKES BLK G LOT 12
Census Tract021413
Assessed Land Value$77,760
Assessed Improvement Value$288,258
Assessment Year2025

About this property

Custom built with recent updates and upgrades! Large corner lot with RV or Trailer parking and storage shed with electricity. The recently updated kitchen has upgraded granite counters, undermount sink with upgraded fixture, freshly painted cabinets and new hardware. Entire home has been freshly painted inside and out and is ready for move in. Large primary bedroom suite features upgraded granite counters, dlb sink and walkin closet. Open living area has vaulted ceilings and features a stacked stone fireplace. There is an enclosed patio that is perfect for the hot tub during any season. The bedrooms and hallway have updated laminate floors and good storage. Open dining area has great view of the enclosed patio and large backyard. There is a bonus flex area off the kitchen that could be a small office or breakfast area. It has a great front porch to enjoy that morning cup of coffee and watch the sunrise or enjoy the shade in the evening. Don't miss out on this great opportunity!

Investor Tools

Property Icon
$366,018
Estimated Property Value
$192,501Estimated Mortgage Balance
$173,517Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,196 /month
Positive
Cash Flow Estimate:
$732 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$303/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,802
$366,018
2025
$77,760
$288,258
$366,018
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,802
$366,018

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bay Valley Mortgage Group
Conventional
$200,000
No
First
Apr 25, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$192,501
$173,517
47%
53%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,090/mo
$1,200/mo
+$890/mo
6.9%

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: Lake Dallas

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507 Oak Crest St | Property Details | No Agent List