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$247,000

NAL Estimated Property Value

605 Glen Rhea Dr, Lake Dallas, TX, 75065

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,273 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$176.75 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range, Microwave, Refrigerator
FlooringCarpet, Linoleum

Exterior

Private PoolPrivate Pool
Lot Size12,632 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR63626
Lot Number14,15
SubdivisionW W Little
Land UseResidential
Legal DescriptionW W LITTLE BLK 1 LOT 14,15
Census Tract021411
Assessed Land Value$84,143
Assessed Improvement Value$116,413
Assessment Year2025

About this property

***INVESTOR OPPORTUNITY*** This home features two generously sized bedrooms, each offering comfort and privacy. The primary bedroom comes complete with its own private bath. The second bedroom is versatile, ideal for guests, a home office, or a creative space to suit your lifestyle. A nice sized livingroom sits just off the eat-in kitchen with views of the large backyard. Once outside you will find fenced in backyard with pool. While the outdoor space holds great promise, it's worth noting that repairs and maintenance are required to bring it back to its optimal condition. Situated on two lots, this property not only offers room to grow and expand. But, with a little creativity and effort, you can turn this house into a home that reflects your style and preferences.

Investor Tools

Property Icon
$247,000
Estimated Property Value
$0Estimated Mortgage Balance
$247,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,482 /month
Positive
Cash Flow Estimate:
$494 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$477/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,487
$200,556
2025
$84,143
$116,413
$200,556
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,487
$200,556

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$247,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,660/mo
N/A
+$1,660/mo
8.1%

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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605 Glen Rhea Dr | Property Details | No Agent List