Status: Active
7554 Rice Ln
Dallas, TX 75241
$230,000
------/mo*
CalculateDiscover a prime investment opportunity or excellent starter home with this 1,248 sq. ft., 3-bedroom, 2-bathroom single family property in Dallas, TX, a proven income generator with the same tenant for over 12 years. Situated on a 0.12-acre lot near Interstates 35E and 20, this well-maintained home offers easy access to downtown Dallas, shopping, and entertainment, making it highly desirable. With a tenant secured through March 31, 2026, you’ll enjoy immediate cash flow as an investment property. Featuring a brand-new roof installed in May 2025, an open-concept floor plan with a bright living area, a 2-car garage, and a large, fenced backyard, this move-in-ready home could use a little updating to maximize potential.
Perfect for seasoned investors and newcomers, this turnkey property delivers steady income and long-term value. The home's manageable size, modern layout, and location help to ensure strong tenant demand. Don’t miss out on this wonderful home. Schedule a showing today!
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- Bedrooms
- 3
- Baths
- 2
- House Size
- 1,248 sqft
- Year Built
- 2005
- Lot Size
- 0.13 ac
- School District
- Dallas ISD
Location
Market Insights
In the last 30 days, homes for sale in Wisdom Terrace, Dallas, TX were on the market for a median of 64 days and 0% of homes sold above list price.
Buy a new home knowing you’ll sell your current one. Orchard guarantees your home will sell, so you can buy your next one worry-free.
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Start TourInterior Information
- appliances
- Dishwasher
- Electric Range
- Microwave
- cooling
- Ceiling Fan(s)
- Central Air
- Electric
- features
- Open Floorplan
- Walk-in Closet(s)
- High Speed Internet
- flooring
- Carpet
- Vinyl
- heating
- Central
- Electric
Exterior Information
- fence
- Back Yard
- Fenced
- Wood
- roof
- Composition
Property Information
- construction
- Brick
- foundation
- Slab
- green energy efficient
- Appliances
- lot
- Interior Lot
- parking
- Driveway
- Garage
- Garage Faces Front
- Off Street
- Attached
- sewer
- Public Sewer
- subdivision name
- Wisdom Terrace Ph 05
- utilities
- Cable Available
- Electricity Connected
- water source
- Public
- Listed By Charles Honeycutt
- (972) 509-7100
- Seeto Realty
- (972) 509-7100
- MLS 20981733
Tax History
Date | Property Tax | Land | Additions | Tax Assessment |
|---|---|---|---|---|
| 2024 | $4,959 (+13.1%) | $60,000 | $156,110 | $216,110 (+13.1%) |
| 2023 | $4,386 (-8.6%) | $45,000 | $146,150 | $191,150 (0%) |
| 2022 | $4,799 (+14.1%) | $45,000 | $146,150 | $191,150 (+19.9%) |
| 2021 | $4,205 | $35,000 | $124,410 | $159,410 |
Tax data provied by Attom
Monthly Payments Calculator
Estimated Monthly Cost
$1,825
30 year fixed·6.9% interest rate
- Principal & Interest
- $1,212
- Property Taxes
- $413
- Home Insurance
- $200
- HOA Fees
- $0
*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
