1view

Owner Contacts

$169,000

NAL Estimated Property Value

8220 Burroaks Drive, Dallas, TX, 75217

Off Market

2 Beds

1 Bath

749 Sq Ft

$158.88 / sqft

Built in 1954

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Heating Central

Cooling

AppliancesElectric Range, Plumbed For Ice Maker, Refrigerator, Electric Water Heater

FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size9,354 sqft

Building Information

Year Built1954

Stories1

Roof Type105

Land Information

APN00000573001000000

Lot Number5

SubdivisionNewman Park

Land UseResidential

Legal DescriptionNEWMAN PARK BLK 2/6359 LT 5 INT202100121792 DD04222021 CO-DC 6359 002 00500 3006359 002

Census Tract011603

Assessed Land Value$40,000

Assessed Improvement Value$121,310

Assessment Year2025

About this property

Move-in ready! Come check out this remodeled and well-cared for home! Affordable for a first time home-buyer or investor. In 2017 there were all new windows, flooring, paint and carpet installed. This home has a massive oversized lot almost quarter acre with an additional concrete pad for parking behind the fence area. Stove and refrigerator will be included in sale. This home has a gas line running to the home, previous owner disconnected gas and installed all electric. Owner will do no repairs-Home is sold AS-IS, WHERE-IS, No survey available, buyer will purchase. *Multiple offers - Highest and Best due Monday 3-22, 5 PM!

Investor Tools

$169,000

Estimated Property Value

$102,053Estimated Mortgage Balance

$66,947Estimated Equity

39% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,014 /month

Positive

Cash Flow Estimate:

$338 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$343/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,275

$161,310

2025

$40,000

$121,310

$161,310

Tax History

Year

Tax Paid

Assessed Value

2024

$3,275

$161,310

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Town Square Mortgage & Investments Inc

Conventional

$113,050

First

Apr 22, 2021

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$102,053

$66,947

39%

60%

$678/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$678/mo

+$887/mo

11.1%

Learn About the Market: Opportunity in Dallas

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