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$562,000

NAL Estimated Property Value

865 Lake Terrace Cir, Dallas, TX, 75218

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,898 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$218.65 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Plumbed For Ice Maker, Refrigerator
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesFire Pit, Other
Lot Size4,836 sqft

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000518296000000
Lot Number28
SubdivisionLake Terrace
Land UseResidential
Legal DescriptionLAKE TERRACE BLK G/6133 LT 28 INT202100037151 DD02052021 CO-DC 6133 00G 02800 3DA6133 00G
Census Tract012900
Assessed Land Value$193,440
Assessed Improvement Value$265,330
Assessment Year2025

About this property

Fantastic home located in highly sought-after Old Lake Highlands. Quick access to White Rock Lake, the Dallas Arboretum, the Dallas trail system, and just minutes from downtown, and major highways makes this home an ideal location with easy access to any part of the city. It boasts hardwood floors and updates including completely renovated bathrooms, living and dining areas and laundry room. The large kitchen is refreshed and offers abundant cabinet and counter space. Two huge storage areas inside are a bonus! With two large, beautiful living areas located on either side of the dining area, this home can be easily opened up for entertaining. Located in a cul-de-sac with a large yard.

Investor Tools

Property Icon
$562,000
Estimated Property Value
$291,335Estimated Mortgage Balance
$270,665Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,372 /month
Positive
Cash Flow Estimate:
$1,124 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$797/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,753
$458,770
2025
$193,440
$265,330
$458,770
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,753
$458,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Steams Lending Llc
Conventional
$324,000
No
First
Feb 5, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$291,335
$270,665
48%
52%
$1,943/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$1,943/mo
+$137/mo
4.4%

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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865 Lake Terrace Cir | Property Details | No Agent List