1view

Owner Contacts

$238,810

NAL Estimated Property Value

7506 Rice Ln, Dallas, TX, 75241

Off Market

4 Beds

2 Bath

1,427 Sq Ft

Single Family Residence

$126.14 / sqft

Built in 2005

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesElectric Range, Electric Oven, Refrigerator, Electric Water Heater

FlooringLaminate, Tile

Exterior

Private Pool

Lot Size6,021 sqft

Building Information

Year Built2005

Stories1

Roof Type105

Garage Spaces1

Land Information

APN006630000A0070000

SubdivisionWisdom Terrace Ph 5

Land UseResidential

Legal DescriptionWISDOM TERRACE PH 5 BLK A/6630 LT 7 INT202100132157 DD04262021 CO-DC 6630 00A 00700 4DA6630 00A

Census Tract011201

Assessment Year2025

About this property

Located in the East side of Lost Creek, off IH35 Quiet community wrapped around with the Rickett's Branch Park. The house has no back neighbors, with only the greenbelt as a view. A solid house with very good bones. The four bedrooms are actually very roomy. Ideal for any type of household. Single story. Large beautiful backyard. Very close to the University of North Texas at Dallas. Very motivated Sellers!! Please Contact agent for showings, Owner occupied!

Investor Tools

$238,810

Estimated Property Value

$130,245Estimated Mortgage Balance

$108,818Estimated Equity

45% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,433 /month

Positive

Cash Flow Estimate:

$478 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$544/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,337

$238,810

2025

N/A

$238,810

Tax History

Year

Tax Paid

Assessed Value

2024

$5,337

$238,810

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

City Bank

Conventional

$144,000

First

Apr 26, 2021

May 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$130,245

$108,565

45%

55%

$864/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,572/mo

$864/mo

+$1,708/mo

12.9%

Learn About the Market: Opportunity in Dallas

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