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Owner Contacts

$518,000

NAL Estimated Property Value

720 Brookhurst Drive, Dallas, TX, 75218

Off Market

3 Beds

2 Bath

1,365 Sq Ft

Single Family Residence

$252.75 / sqft

Built in 1954

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Vented Exhaust Fan

FlooringCeramic Tile, Wood

Exterior

Lot Size7,500 sqft

Building Information

Year Built1954

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000517927000000

Lot Number4

SubdivisionLake Terrace

Land UseResidential

Legal DescriptionLAKE TERRACE BLK D/6133 LT 4 INT202000098016 DD04102020 CO-DC 6133 00D 00400 1DA6133 00D

Census Tract012900

Assessed Land Value$300,000

Assessed Improvement Value$180,210

Assessment Year2025

About this property

Adorable Lake Terrace cottage just one block from Hexter Elementary offers convenience, affordability, and some serious cuteness! Great drive up appeal on this tree lined street just moments from White Rock Lake & an easy commute Downtown. Just as charming inside, enjoy sweet period details, a fantastic wall of built-ins, refinished hardwood floors, and a beautifully updated hall bath. Windows everywhere let in loads of light and pour elegantly through crisp white plantation shutters into 3 nice size bedrooms, including master with en suite bath. Nicely appointed kitchen looks out over spacious backyard with flagstone patio, board on board privacy fence, and detached 2 car garage. Look no further, this is home!

Investor Tools

$518,000

Estimated Property Value

$246,720Estimated Mortgage Balance

$271,280Estimated Equity

52% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,108 /month

Positive

Cash Flow Estimate:

$1,036 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$800/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,007

$480,210

2025

$300,000

$180,210

$480,210

Tax History

Year

Tax Paid

Assessed Value

2024

$7,007

$480,210

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cornerstone Home Lending Inc

Conventional

$280,000

First

Apr 10, 2020

May 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$246,720

$271,280

52%

48%

$1,679/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,080/mo

$1,679/mo

+$401/mo

4.8%

Learn About the Market: Opportunity in Dallas

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