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$718,891

NAL Estimated Property Value

624-628 Blackland Drive, Venus, TX, 76084

Off MarketInfo
Beds8 Beds
Baths4 Bath
Baths3,156 Sq Ft
DuplexDuplex
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 8Bedrooms 8
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCarpet

Exterior

Lot Size9,801 sqft

Building Information

Year Built2023
Stories1
Roof Type105
Garage Spaces3

Land Information

APN00.4675.903.003.00.108
Lot Number3
SubdivisionHeritage Hills Est Ph 2
Land UseResidential
Legal DescriptionLOT 3 BLK C HERITAGE HILLS EST PH 2 0.225 AC
Census Tract060803
Assessed Land Value$90,000
Assessed Improvement Value$628,891
Assessment Year2025

About this property

Prime opportunity to invest in a Class-A new construction luxury duplex in scorching hot DFW market. Builder's Preferred Lender offers below market fixed rate financing in the low to mid 5s plus get Owner's title policy paid by Builder when using preferred Lender. This duplex is to be built and is estimated to be complete by February or March 2024. Strong tenant demand and fast leasing in DFW. Fantastic location across near Google's $600M Data Center. Ellis County has experienced explosive population growth in the last decade. Children attend Midlothian schools. This duplex has two 4-bedroom units with 2 baths. Each unit has a two car garage and a fenced in back yard. Projected rents of $2450 per month based on strong Tenant demand for duplexes in Phase 1. Easy commute to major area employers. Wealth of opportunities to relax & play nearby. Professional property management in place at a favorable rate of 5%. Hurry - this won't last!

Investor Tools

Property Icon
$718,891
Estimated Property Value
$451,904Estimated Mortgage Balance
$266,987Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,313 /month
Positive
Cash Flow Estimate:
$1,438 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$647/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,166
$718,891
2025
$90,000
$628,891
$718,891
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,166
$718,891

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$468,750
No
First
May 2, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$451,904
$266,987
37%
63%
$2,811/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$3,561/mo
$-989/mo
4.3%

City: Venus

624-628 Blackland Drive | Property Details | No Agent List