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$585,000

NAL Estimated Property Value

6896 Shoreway Dr, Grand Prairie, TX, 75054

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,889 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$134.99 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Vented Exhaust Fan, Washer
FlooringCarpet, Ceramic Tile

Exterior

Lot Size8,455 sqft

Building Information

Year Built2007
Stories2
Garage Spaces3

Land Information

APN38495-K-28
Lot Number28
SubdivisionShores At Grand Peninsula
Land UseResidential
Legal DescriptionSHORES AT GRAND PENINSULA BLOCK K LOT 28
Census Tract111566
Assessed Land Value$75,000
Assessed Improvement Value$507,663
Assessment Year2025

About this property

****MULTIPLE OFFERS RECEIVED. BEST AND FINAL DUE BY 8PM, SUNDAY MARCH 27TH.**** Fantastic Drees custom home with open floor plan and 2 story formal living rm with gorgeous wrought iron staircase. Gourmet kitchen with matching SS appliances, large island and walk in pantry. Large first floor master bedroom and bathroom with dual vanities, oversized tub, walk-in shower, huge walk-in closet. Formal dining and study down with lots of natural light. Three secondary bedrooms upstairs with huge media and game room. Three car garage with epoxy floors and room for all the toys. Backyard features large patio and extended side yard.

Investor Tools

Property Icon
$585,000
Estimated Property Value
$463,755Estimated Mortgage Balance
$121,245Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,510 /month
Positive
Cash Flow Estimate:
$1,170 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,035/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,493
$582,663
2025
$75,000
$507,663
$582,663
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,493
$582,663

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$502,200
No
First
Apr 25, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$463,755
$121,245
20%
79%
$3,011/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,570/mo
$3,361/mo
+$209/mo
7.3%

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: Grand Prairie

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6896 Shoreway Dr | Property Details | No Agent List