7554 RICE LANE, DALLAS, TX 75241
Homes for sale in Dallas.
Homes for sale in 75241.
7554 Rice Lane
Dallas, TX 75241
List Price$230,000
Listing #20981733
About This Property
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!
Property Features
Location Information
County
Dallas
Subdivision
Wisdom Terrace Ph 05
Interior Features
Rooms
First Floor Bedroom, First Floor Bedroom, First Floor Full Bath, First Floor Kitchen, First Floor Laundry, First Floor Living Room, First Floor Primary Bathroom, First Floor Primary Bedroom
Number of Fireplaces
0
Interior
High Speed Internet, Open Floorplan, Cable TV, Walk-In Closet(s)
Heating
Central, Electric
Master Bedroom Description
15 x 14
Cooling
Central Air, Ceiling Fan(s), Electric
Full Baths
2
Floors
Carpet, Vinyl
Living Room Description
14 x 14
Laundry
Laundry in Utility Room
Kitchen Description
14 x 14
Appliances
Dishwasher, Electric Range, Microwave
Has Fireplace
No
Exterior Features
Style
Detached
Fencing
Back Yard, Fenced, Wood
Stories
1
Pool Description
None
Construction
Brick
Lot Description
Interior Lot
Foundation
Slab
Lot Size in Acres
0.126
Roof
Composition
Lot Size in Sq. Ft.
5,488
Water / Sewer
Electricity Connected, Sewer Available, Separate Meters, Water Available, Cable Available
Lot Dimensions
50X110
Utilities
Electricity Connected, Sewer Available, Separate Meters, Water Available, Cable Available
Green Energy Features
Appliances
Parking Description
Driveway, Garage Faces Front, Garage, Off Street
Is One Story
Yes
Has Garage
Yes
Lot Description
Interior Lot
Garage Spaces
2
School
Elementary School District
Dallas ISD
Jr. High School
Zumwalt
Elementary School
Thornton
High School
Southoakcl
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
SFR
Has a Home Owners Association
No
Property SubType 2
House
Exclusions
Tenants kitchen refrigerator and washer & dryer.
Property SubType
Single Family Residence
Community Features
Curbs, Sidewalks
Year Built
2005
Lot Acres Source
Public Records
Similar Listings
Mortgage Calculator
$1,072
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$828
Monthly Tax
$191
Monthly Insurance
$53
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
Charles Honeycutt, Seeto Realty
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NTREIS - North Texas data last updated at January 21, 2026, 1:46 PM CT
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