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$276,150

646 E Fairmeadows Dr, Duncanville, TX, 75116

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,344 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.67 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Range, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size7,371 sqft

Building Information

Year Built1962
Stories1
Roof Type105

Land Information

APN22042500240120000
Lot Number12
SubdivisionFairmeadows
Land UseResidential
Legal DescriptionFAIRMEADOWS 6 BLK X LT 12 INT202200238612 DD09022022 CO-DC 0425002401200 4CV04250024
Census Tract016536
Assessed Land Value$50,000
Assessed Improvement Value$226,150
Assessment Year2025

About this property

UPDATED home located in vibrant Duncanville, Texas, in a charming neighborhood offering convenience and a relaxed atmosphere. It is an excellent area for walking, with easy access to primary schools and a nearby supermarket. The calm streets and spread out green spaces create a peaceful environment perfect for those who enjoy spending time outdoors. Easy access to Interstate 20 makes commuting a breeze, making this an ideal neighborhood for those seeking a tranquil and convenient place to call home. Enjoy cozy winter days in front of a fireplace and enjoy time outdoors in the spacious backyard with a paved sitting area to sit and relax. Make this warm and welcoming home yours. Updated appliances (gas range) floors, paint, fixtures. This is an APPROVED short sale. List price is APPROVED by short sale lender. Closing should be able to take place within 30 days. Use Short Sale Addendum approval date of 10 days from contract execution date. Short sale lender will issue an approval letter specific to your contract. This is just an administrative part of the process. PLEASE SEE SELLERS DISCLOSURE. Roof is recent, foundation repair has been made.

Investor Tools

Property Icon
$276,150
Estimated Property Value
$245,373Estimated Mortgage Balance
$47,501Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,657 /month
Positive
Cash Flow Estimate:
$552 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$596/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,770
$276,150
2025
$50,000
$226,150
$276,150
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,770
$276,150

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City First Mortgage Services Llc
Conventional
$245,373
No
First
Sep 2, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$228,649
$47,501
17%
83%
$1,472/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,472/mo
+$500/mo
8.6%

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: Duncanville

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646 E Fairmeadows Dr | Property Details | No Agent List