7554 Rice Lane
Dallas, TX 75241
Map
- 3 beds
- 2 baths
- 1,248 sqft
- 5,488 sqft lot
- $184 per sqft
- 2005 build
- – on site
Discover 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!
Last checked:
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Last updated Jun 28, 2025
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MLS# 20981733 —
The Building
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Year Built:2005
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Year Built Details:Preowned
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Structural Style:Single Detached
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Accessibility Features:No
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Roof:Composition
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Basement:No
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Foundation Details:Slab
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Levels:One
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Green Energy Efficient:Appliances
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Construction Materials:Brick, Siding
Interior
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Interior Features:Cable TV Available, High Speed Internet Available, Open Floorplan, Walk-In Closet(s)
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Flooring:Carpet, Vinyl
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Laundry Features:Utility Room, Full Size W/D Area
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# of Dining Areas:1
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# of Living Areas:1
Room Dimensions
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Living Area:1248.00
Location
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Directions:35 to Camp Wisdom, go east turn right on Buford and Right on Weslayan and right on Rice Ln
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Latitude:32.65688100
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Longitude:-96.81557500
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:No
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Parcel Number:006630000a0190000
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Lot Features:Interior Lot
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Lot Size:Less Than .5 Acre (not Zero)
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Lot Size Dimensions:50X110
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Lot Size SqFt:5488.5600
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Lot Size Acres:0.1260
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Lot Size Area:0.1260
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Lot Size Units:Acres
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Lot Size Source:Public Records
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Exclusions:Tenants kitchen refrigerator and washer & dryer.
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Fencing:Back Yard, Fenced, Wood
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Soil Type:Unknown
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Waterfront:No
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Lake Pump:No
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Will Subdivide:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Lot:19
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Tax Block:A6630
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Tax Legal Description:Wisdom Terrace Ph 5 Blk A/6630
Beds
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Bedrooms Total:3
Baths
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Total Baths:2.00
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Total Baths:2
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Full Baths:2
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/ntreis/20981733
Heating & Cooling
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Heating:Central, Electric
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Cooling:Ceiling Fan(s), Central Air, Electric
Utilities
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Utilities:Cable Available, City Sewer, City Water, Curbs, Electricity Connected, Individual Water Meter, Sidewalk
Appliances
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Appliances:Dishwasher, Electric Range, Microwave
Schools
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School District:Dallas ISD
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Elementary School:Thornton
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Elementary School Name:Thornton
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Middle School Name:Zumwalt
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High School Name:Southoakcl
The Community
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Subdivision Name:Wisdom Terrace Ph 05
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Senior Community:No
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Pool:No
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Association Type:None
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Complex Name:N/A
Parking
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Garage:Yes
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Attached Garage:Yes
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Garage Spaces:2
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Garage Length:20
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Garage Width:18
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Covered Spaces:2
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Parking Features:Driveway, Garage, Garage Faces Front, Off Street
Monthly cost estimate
Asking price
$230,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,231
|
| Taxes | N/A |
| Insurance | $63 |
| Utilities | $120 See report |
| Total | $1,414/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
