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$286,000

NAL Estimated Property Value

1226 Mountain Lake Rd, Dallas, TX, 75224

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,356 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$213.86 / sqft
Year BuiltBuilt in 1938

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Gas Water Heater, Microwave, Refrigerator
FlooringTile, Wood

Exterior

Exterior FeaturesStorage
Lot Size7,237 sqft

Building Information

Year Built1938
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000336001000000
Lot Number9
Land UseResidential
Legal DescriptionBLK 4731 LT 9 VOL93110/4728 DD06031993 CO-DC 4731 000 00900 2004731 000
Census Tract006302
Assessed Land Value$95,000
Assessed Improvement Value$190,020
Assessment Year2025

About this property

Welcome to this wonderful Elmwood Craftsman home. You'll love the large tree that provides year-round shade for the front porch. The home has recently been painted inside and out. The home features 3 bedrooms and 2 full bathrooms. It has a covered porch out front and a covered patio in the back. The backyard is large and as a bonus there is a nice shed or workshop that features electricity and has a wall mounted AC. The homeowner maintained the home, appliances, and yard which means less work and maintenance for the new owner. Elmwood is a great neighborhood in Oak Cliff that is close to new shopping and restaurants, nearby parks and rec center, and just a few miles from downtown Dallas. You're also just a couple miles from the trendy Bishop Arts District where you'll find some of the best restaurants in Dallas.

Investor Tools

Property Icon
$286,000
Estimated Property Value
$281,847Estimated Mortgage Balance
$4,153Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,740 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$650/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,370
$285,020
2025
$95,000
$190,020
$285,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,370
$285,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Neighborhood Loans
Fha
$284,747
Yes
First
Oct 10, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,847
$4,153
1%
99%
$1,708/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,708/mo
$-143/mo
6.6%

City: Dallas

1226 Mountain Lake Rd | Property Details | No Agent List