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$224,900

1215 Morrell Ave, Dallas, TX, 75203

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths900 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$249.89 / sqft
Year BuiltBuilt in 1938

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave
FlooringLaminate

Exterior

Lot Size7,635 sqft

Building Information

Year Built1938
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000264922000000
Lot Number5
SubdivisionBetterton
Land UseResidential
Legal DescriptionBETTERTON BLK D/3364 E1/2 LT 5 INT202200162663 DD06082022 CO-DC 3364 00D 00500 2003364 00D
Census Tract021000
Assessed Land Value$70,000
Assessed Improvement Value$151,190
Assessment Year2025

About this property

Charming 2-Bedroom Home in the Heart of Dallas! Welcome to this cozy and inviting 2-bedroom, 1-bathroom home perfectly situated in the vibrant heart of Dallas. Just minutes from the Dallas Zoo, Trinity Crossing, Bishop Arts District and the much anticipated new Southern Deck Park, this home offers the best of urban convenience and neighborhood charm! Enjoy easy access to walking trails, parks, and local hotspots, making it ideal for nature lovers, foodies, and anyone seeking a dynamic lifestyle. The home features a bright, open living space, updated kitchen, and a spacious backyard perfect for entertaining or relaxing. Other updates include new roof, new HVAC and fresh paint throughout. Whether you're a first-time buyer, investor, or looking for a rental-ready property, this gem checks all the boxes. Don’t miss your chance to live in one of Dallas’ most desirable, up-and-coming neighborhoods!

Investor Tools

Property Icon
$221,190
Estimated Property Value
$193,833Estimated Mortgage Balance
$29,904Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,349 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$327/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,819
$221,190
2025
$70,000
$151,190
$221,190
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,819
$221,190

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Link
Fha
$193,833
Yes
First
Aug 28, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$191,286
$29,904
13%
86%
$1,163/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,163/mo
+$402/mo
8.5%

Learn About the Market: Opportunity in Dallas

Local Market Pages
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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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1215 Morrell Ave | Property Details | No Agent List