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$474,900

8211 Lullwater Dr, Dallas, TX, 75218

$617,370 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths4 Bath
Baths2,394 Sq Ft
DuplexDuplex
Year BuiltBuilt in 1968

Property Lead Type:

ARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCarpet, Laminate

Exterior

Lot Size9,676 sqft

Building Information

Year Built1968
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000737233000000
Lot Number20
SubdivisionPark Highlands 1st Inst
Land UseResidential
Legal DescriptionPARK HIGHLANDS 1ST INST BLK C/7481 LT 20 DUPLEX VOL92063/5054 DD032392 CO-DALLAS 7481 00C 02000 3DA7481 00C
Census Tract012900
Assessed Land Value$200,000
Assessed Improvement Value$325,440
Assessment Year2025

About this property

Investor Special in the heart of Lake Highlands! This full duplex presents an excellent opportunity for investors looking to expand their portoflio or add value through renovation. One side of the duplex is currently leased on a month-to-month basis which can provide immediate rental income. The other side is vacant and ready for updates, offering the chance to renovate and lease at current market rental rates. Ideally located with convenient access to LBJ Freeway, Downtown Dallas, shopping, dining and beautiful White Rock Lake. Whether you are a seasoned investor or looking for your next value-add projct, this income-producing property offers outstanding potential in a highly desirable location.

Investor Tools

Property Icon
$525,440
Estimated Property Value
$540,000Estimated Mortgage Balance
$60,491Estimated Equity
-3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$617,370
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,153 /month
Positive
Cash Flow Estimate:
$1,051 /month

Interested in this property?

Brandi Mayer

Dave Perry Miller Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$345/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,513
$525,440
2025
$200,000
$325,440
$525,440
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,513
$525,440

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Advisors Gourp
Reverse Mortgage / Hecm
$540,000
No
First
Jul 15, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$466,069
$59,371
11%
89%
$2,251/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,710/mo
$2,251/mo
+$459/mo
6.2%

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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