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$407,000

NAL Estimated Property Value

6823 Lagoon Drive, Grand Prairie, TX, 75054

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,014 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.53 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size6,268 sqft

Building Information

Year Built2002
Stories1
Garage Spaces2

Land Information

APN23555H-J-5
Lot Number5
SubdivisionLanding At Grand Peninsula
Land UseResidential
Legal DescriptionLANDING AT GRAND PENINSULA BLOCK J LOT 5
Census Tract111566
Assessed Land Value$60,000
Assessed Improvement Value$311,967
Assessment Year2025

About this property

Gorgeous family home located in Grand Peninsula of Grand Prairie! Just minutes from the lake this neighborhood boasts tons of great features like 2 community pools, playgrounds, a fitness center, walking trails, and a community center. This home has recently had a new paint job, new carpet, and a sprinkler system. Roof is also brand new as of February of this year. Nest thermostat, alarm system, security cameras, and camera doorbell will stay with property. Come see this move in ready home! It is not one to miss!

Investor Tools

Property Icon
$407,000
Estimated Property Value
$168,469Estimated Mortgage Balance
$238,531Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,442 /month
Positive
Cash Flow Estimate:
$814 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$675/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,060
$371,967
2025
$60,000
$311,967
$371,967
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,060
$371,967

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank Financial
Conventional
$194,900
No
First
Jul 9, 2019
Aug 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$168,469
$238,531
58%
41%
$1,169/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,890/mo
$1,869/mo
+$1,021/mo
8.5%

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: Grand Prairie

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6823 Lagoon Drive | Property Details | No Agent List