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$509,900

NAL Estimated Property Value

649-653 Blackland Drive, Venus, TX, 76084

Off MarketInfo
Beds6 Beds
Baths4 Bath
Baths2,658 Sq Ft
DuplexDuplex
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCarpet

Exterior

Lot Size8,120 sqft

Building Information

Year Built2023
Stories1
Roof Type105
Garage Spaces4

Land Information

APN00.4675.901.052.00.108
Lot Number52
SubdivisionHeritage Hills Est Ph 2
Land UseResidential
Legal DescriptionLOT 52 BLK A HERITAGE HILLS EST PH 2 0.1864 AC
Census Tract060803
Assessed Land Value$80,000
Assessed Improvement Value$429,900
Assessment Year2025

About this property

CLOSEOUT! 5.25% Financing Available through the Preferred Lender for a limited time. Prime opportunity to invest in a Class-A new construction luxury duplex in scorching hot DFW market. This duplex is to be built and is estimated to be complete by May 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 3-bedroom units with 2 baths. Each unit has a two car garage and a fenced in back yard. Established and proven rents of $1995 per month based on recent comparables in the community. 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
$509,900
Estimated Property Value
$0Estimated Mortgage Balance
$509,900Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,179 /month
Positive
Cash Flow Estimate:
$1,060 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$458/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,945
$509,900
2025
$80,000
$429,900
$509,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,945
$509,900

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$509,900
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$750/mo
+$1,222/mo
4.6%

City: Venus

649-653 Blackland Drive | Property Details | No Agent List