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Owner Contacts

$298,930

NAL Estimated Property Value

8209 Elam Road, Dallas, TX, 75217

Off Market

3 Beds

3 Bath

2,187 Sq Ft

$118.88 / sqft

Built in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 1

Garage Available

Heating Central

Cooling

AppliancesDishwasher

FlooringCeramic Tile, Hardwood

Exterior

Lot Size8,226 sqft

Building Information

Year Built1950

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000569239000000

Lot Number12

SubdivisionGrovelawn Addn

Land UseResidential

Legal DescriptionGROVELAWN ADDN BLK 1/6343 LOT 12 INT202200212424 DD07252022 CO-DC 6343 001 01200 4DA6343 001

Census Tract009202

Assessed Land Value$55,000

Assessed Improvement Value$243,930

Assessment Year2025

About this property

Great home with a Mother in Law suite in the back! Main house has 3 bedrooms and 2 bathrooms. MIL suite has 2 bedrooms , 1 bath, kitchen and living room. Both homes do need some TLC but can be perfect for any family! This home is close to major highways to get anywhere very quickly. Come and see this one soon before it goes fast. CASH only as will not go FHA or conventional. No survey, buyer to purchase a new one. More pictures coming soon.

Investor Tools

$298,930

Estimated Property Value

$211,523Estimated Mortgage Balance

$87,407Estimated Equity

29% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,794 /month

Positive

Cash Flow Estimate:

$598 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$681/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,681

$298,930

2025

$55,000

$243,930

$298,930

Tax History

Year

Tax Paid

Assessed Value

2024

$6,681

$298,930

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Visio Financial Services Inc

Conventional

$225,000

First

Feb 8, 2023

Mar 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$211,523

$87,407

29%

71%

$1,349/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$1,349/mo

+$623/mo

7.9%

Learn About the Market: Opportunity in Dallas

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DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

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