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$659,900

NAL Estimated Property Value

716-720 Blackland Drive, Venus, TX, 76084

Off MarketInfo
Beds8 Beds
Baths6 Bath
Baths1,942 Sq Ft
DuplexDuplex
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 8Bedrooms 8
Bathrooms 6Bathrooms 6
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCarpet

Exterior

Lot Size9,801 sqft

Building Information

Year Built2023
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00.4675.903.010.00.108
Lot Number10
SubdivisionHeritage Hills Est Ph 2
Land UseResidential
Legal DescriptionLOT 10 BLK C HERITAGE HILLS EST PH 2 0.225 AC
Census Tract060803
Assessed Land Value$90,000
Assessed Improvement Value$569,900
Assessment Year2025

About this property

CLOSEOUT! Prime opportunity to invest in a Class-A new construction luxury duplex in scorching hot DFW market. Builder's Preferred Lender offers below market fixed rate financing in the 5s. This duplex is to be built and is estimated to be complete by end of May 2024. 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 4-bedroom units with 2.5 baths. Each unit has a two car garage and a fenced in back yard. Projected rents of $2550 per month based on strong Tenant demand for duplexes in Phase 1. 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
$659,900
Estimated Property Value
$625,669Estimated Mortgage Balance
$34,231Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,959 /month
Positive
Cash Flow Estimate:
$1,320 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$594/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,823
$659,900
2025
$90,000
$569,900
$659,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,823
$659,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Fha
$647,947
Yes
First
Jun 21, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$625,669
$34,231
5%
95%
$3,885/mo

City: Venus

716-720 Blackland Drive | Property Details | No Agent List