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$450,000

977 Sylvania Drive, Dallas, TX, 75218

$585,000 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,753 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$163.46 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size11,866 sqft

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000390715000000
Lot Number21
SubdivisionLake Gardens
Land UseResidential
Legal DescriptionLAKE GARDENS BLK 2/5376 LOT 21 INT202000070768 DD03102020 CO-DC 5376 002 02100 3005376 002
Census Tract008200
Assessed Land Value$415,310
Assessed Improvement Value$329,690
Assessment Year2025

About this property

This Mid-Century Modern rests on a .27 Acre Setting in the forested Lake Gardens Addition. Ideally located near White Rock Lake, this gem offers an abundance of space with over 2700 Square Feet. Once inside, one will admire the stream of natural light the permeates throughout. A fresh coat of paint & new flooring enhance the open entry, a solarium with skylights, and a large living-dining with beamed ceiling. The second living area features a vaulted ceiling, a free standing fireplace, an array of shelving, and views of the lush backyard with pool. A centrally located kitchen can be opened up so one can create their dream space. Discover this great location just 8 miles to downtown Dallas!

Investor Tools

Property Icon
$745,000
Estimated Property Value
$0Estimated Mortgage Balance
$463,042Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$585,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,470 /month
Positive
Cash Flow Estimate:
$1,490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,316/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,069
$745,000
2025
$415,310
$329,690
$745,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,069
$745,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$309,940
No
First
Aug 20, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,958
$463,042
62%
38%
$1,859/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$1,859/mo
+$221/mo
3.4%

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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977 Sylvania Drive | Property Details | No Agent List