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$348,000

7432 Tormes, Grand Prairie, TX, 75054

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,830 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$128.42 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Lot Size6,599 sqft

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APN26236K-A-13
Lot Number13
SubdivisionMira Lagos No F-1b
Land UseResidential
Legal DescriptionMIRA LAGOS NO F-1B BLOCK A LOT 13
Census Tract111320
Assessed Land Value$60,000
Assessed Improvement Value$215,000
Assessment Year2025

About this property

PRICE REDUCED!! Beautifully renovated home in one of the best neighborhoods in south DFW! New granite and backsplash in the kitchen with an open, welcoming floor plan. Isolated master bed and bath to boot! Located in the gorgeous Mira Lagos subdivision of Grand Prairie this property is a short distance from Cora Spencer Elementary School, Dany Jones Middle School, and Lake Ridge High School, is a stone's throw from Joe Poole Lake, and it features some IMPRESSIVELY SCENIC trails!

Investor Tools

Property Icon
$348,000
Estimated Property Value
$229,761Estimated Mortgage Balance
$152,917Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,088 /month
Positive
Cash Flow Estimate:
$696 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$405/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,124
$275,000
2025
$60,000
$215,000
$275,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,124
$275,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guardian Mortgage Co Inc
Unknown
$229,761
No
First
Nov 29, 2018
Dec 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$195,083
$152,917
43%
56%
$1,378/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,570/mo
$1,378/mo
+$2,192/mo
12.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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7432 Tormes | Property Details | No Agent List