B+

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Owner Contacts

$196,000

NAL Estimated Property Value

1122 Ridgewood Drive, Dallas, TX, 75217

Off Market

3 Beds

2 Bath

1,290 Sq Ft

Single Family Residence

$131.71 / sqft

Built in 1905

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesGas Range

Exterior

Lot Size7,616 sqft

Building Information

Year Built1905

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000549760000000

Lot Number20

SubdivisionHome Gardens

Land UseResidential

Legal DescriptionHOME GARDENS BLK A/6245 LT 20 INT202100359374 DD11302021 CO-DC 6245 00A 02000 4DA6245 00A

Census Tract009301

Assessed Land Value$30,000

Assessed Improvement Value$153,340

Assessment Year2025

About this property

This stunning centenarian home features new flooring and carpet, granite, newer windows, new water heater and a fresh coat of paint. 1,290 square feet of living space and a huge backyard perfect for entertaining! The floor plan encompasses a generous living & dining area flowing into the kitchen with tall ceilings throughout and 3 spacious bedrooms accompanied by two full bath and 1 car garage. The home is conveniently located minutes from Henry B Gonzalez Elementary School, the Lake June DART Station, and near numerous retail and restaurant establishments. Plus, offers easy access to 175 for a quick commute!

Investor Tools

$196,000

Estimated Property Value

$130,283Estimated Mortgage Balance

$65,717Estimated Equity

33% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,176 /month

Positive

Cash Flow Estimate:

$392 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$226/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,728

$183,340

2025

$30,000

$153,340

$183,340

Tax History

Year

Tax Paid

Assessed Value

2024

$1,728

$183,340

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Texas Bank Financial

Purchase Money Mortgage

$142,400

First

Nov 30, 2021

Dec 2041

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$130,283

$65,717

33%

66%

$854/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$854/mo

+$1,118/mo

12.1%

Learn About the Market: Opportunity in Dallas

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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.

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