B+

NoAgentList RatingHow are grades calculated?

1view

$510,000

541 Parkhurst Dr, Dallas, TX, 75218

Off Market

2 Beds

2 Bath

1,220 Sq Ft

Single Family Residence

$2.3 / sqft

Built in 1951

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Heating Central

Cooling

AppliancesDishwasher, Disposal, Gas Range, Microwave, Refrigerator, Vented Exhaust Fan

Exterior

Exterior FeaturesStorage

Lot Size8,316 sqft

Building Information

Year Built1951

Stories1

Roof Type105

Land Information

APN00000518785000000

Lot Number21

SubdivisionLake Highlands

Land UseResidential

Legal DescriptionLAKE HIGHLANDS ESTATES 5 BLK D/6134 LOT 21 INT201700187009 DD06282017 CO-DC 6134 00D 02100 3DA6134 00D

Census Tract012900

Assessed Land Value$374,220

Assessed Improvement Value$52,780

Assessment Year2025

About this property

Charming home for lease in the highly desirable Old Lake Highlands neighborhood in East Dallas. The home features original hardwoods, an updated and open kitchen with SS appliances, a separate study area, and a newly renovated hall bathroom. Both bedrooms have good closets and there's a full bathroom adjacent to study. The backyard is generously sized with a large wood deck for entertaining and a storage unit. Close proximity to White Rock Lake, Arboretum, and Casa Linda.

Investor Tools

$510,000

Estimated Property Value

$284,601Estimated Mortgage Balance

$258,185Estimated Equity

44% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,060 /month

Positive

Cash Flow Estimate:

$1,020 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,058/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$10,147

$427,000

2025

$374,220

$52,780

$427,000

Tax History

Year

Tax Paid

Assessed Value

2024

$10,147

$427,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

American Mortgage Bank

Conventional

$284,601

First

Jun 30, 2020

Aug 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$251,815

$258,185

50%

49%

$1,707/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,650/mo

$1,707/mo

$-57/mo

3.9%

Learn About the Market: Opportunity in Dallas

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Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

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