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$300,000

714 Thompson Dr, Lake Dallas, TX, 75065

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,575 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$158.73 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating GasHeating Gas
AppliancesElectric Range, Refrigerator
FlooringCarpet, Hardwood

Exterior

Lot Size13,186 sqft

Building Information

Year Built1967
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR62077
SubdivisionMep & Prr
Land UseResidential
Legal DescriptionA0924A MEP & PRR, TR 55, .3027 ACRES, OLD DCAD TR #9
Census Tract021411
Assessed Land Value$84,720
Assessed Improvement Value$171,710
Assessment Year2025

About this property

This is an adorable cottage like home in Lake Dallas! This home is on an oversized lot with beautiful landscaping and within walking distance to the lake. It features 3 nice size bedrooms and 2 full bathrooms. Updates include 5 yr old roof, siding, french drain, installation, and a lifetime transferable warranty on the foundation. Home comes with 3 window units, refrigerator, and stove. Home is being sold as is. More pictures coming soon!!!

Investor Tools

Property Icon
$300,000
Estimated Property Value
$0Estimated Mortgage Balance
$300,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$569/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,325
$256,430
2025
$84,720
$171,710
$256,430
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,325
$256,430

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$300,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,660/mo
N/A
+$1,660/mo
6.6%

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: Lake Dallas

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714 Thompson Dr | Property Details | No Agent List