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$312,000

NAL Estimated Property Value

847 Salem Trl, Lewisville, TX, 75067

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,372 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$225.95 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator

Exterior

Exterior FeaturesGarden
Lot Size7,797 sqft

Building Information

Year Built1975
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR02615
Lot Number7
SubdivisionSerendipity Village 2
Land UseResidential
Legal DescriptionSERENDIPITY VILLAGE 2 BLK F LOT 7
Census Tract021745
Assessed Land Value$66,300
Assessed Improvement Value$170,364
Assessment Year2025

About this property

Welcome to this fully updated one-story home that is truly move-in ready. This beautifully renovated property offers 3 spacious bedrooms, 2 full bathrooms, and a bright open floor plan with abundant natural light. Recent updates include fresh paint throughout the interior and exterior, freshly painted cabinets, brand new carpet, new windows throughout, and new shutter blinds, plus much more! The fully remodeled kitchen features new appliances and extensive ceramic tile flooring, opening seamlessly into the living and dining areas for easy entertaining. The primary bedroom includes an attached study or flex space that can be used as a home office, nursery, workout area, or whatever fits your needs. Enjoy the updated rear covered deck that overlooks a good-sized, level backyard with plenty of grassy space. Additional features include a two-car attached garage, a recently installed high-efficiency HVAC system, and so much more. Conveniently located just 10 miles from DFW Airport, this home offers an excellent location with easy access to major highways, shopping, and dining. Come check it out before it's gone!

Investor Tools

Property Icon
$312,000
Estimated Property Value
$308,088Estimated Mortgage Balance
$3,912Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,872 /month
Positive
Cash Flow Estimate:
$624 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$512/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,585
$236,664
2025
$66,300
$170,364
$236,664
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,585
$236,664

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Portfolio Mortgage Corp
Fha
$311,258
Yes
First
Oct 10, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$308,088
$3,912
1%
99%
$1,867/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,867/mo
+$283/mo
8.3%

Learn About the Market: Opportunity in Texas

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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.

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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: Lewisville

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847 Salem Trl | Property Details | No Agent List