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$289,900

518 N M L King Jr Blvd, Grand Prairie, TX, 75050

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,315 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$220.46 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Tankless Water Heater
FlooringTile, Vinyl

Exterior

Exterior FeaturesLighting, Private Yard
Lot Size5,995 sqft

Building Information

Year Built1981
Stories1
Roof Type105
Garage Spaces2

Land Information

APN28052501620130000
Lot Number13
SubdivisionDalworth Park
Land UseResidential
Legal DescriptionDALWORTH PARK BLK 162 LT 13 INT201700281347 DD10032017 CO-DC 0525016201300 4CP05250162
Census Tract015404
Assessed Land Value$70,000
Assessed Improvement Value$201,660
Assessment Year2025

About this property

Welcome to this beautifully renovated 3-bedroom, 2.5-bath home in the heart of Grand Prairie! Ideally located with quick access to Highway 161 and I-30, this home places you near some of the area's best attractions, including IKEA, Topgolf, shopping, restaurants, and entertainment. Step inside to discover a thoughtfully updated interior featuring fresh paint, updated flooring, stylishly renovated bathrooms, an elegant electric fireplace, and new stainless-steel appliances. The spacious layout offers the perfect blend of comfort and functionality for everyday living. Outside, you'll find a beautiful backyard designed for entertaining family and friends, creating the ideal space for gatherings and relaxation. With its modern updates, prime location, and proximity to Grand Prairie's continued growth and development, this move-in-ready home is an incredible opportunity. Don't miss your chance to make it yours—it won't last long!

Investor Tools

Property Icon
$271,660
Estimated Property Value
$204,750Estimated Mortgage Balance
$0Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,739 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$624/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,131
$271,660
2025
$70,000
$201,660
$271,660
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2025
$6,131
$271,660

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Noble Mortgage & Investments Llc
Unknown
$204,750
No
First
Apr 5, 2026
Jan 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$408,023
N/A
0%
150%
$2,456/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,456/mo
$-484/mo
8.7%

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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518 N M L King Jr Blvd | Property Details | No Agent List