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B+
NoAgentList RatingHow are grades calculated?Info
Days1099Days on Market
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$349,000

1227 Wilbur St, Dallas, TX, 75224

$362,677 ARVInfo
On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,832 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190.5 / sqft
Year BuiltBuilt in 1937

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater, Refrigerator
FlooringCarpet, Laminate, Tile

Exterior

Lot Size7,852 sqft

Building Information

Year Built1937
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000313915000000
Lot Number24
SubdivisionElmwood
Land UseResidential
Legal DescriptionELMWOOD BLK 13/4274 LT 24 INT202100331758 DD11012021 CO-DC 4274 013 02400 2004274 013
Census Tract006302
Assessed Land Value$95,000
Assessed Improvement Value$287,770
Assessment Year2025

About this property

Just minutes from the vibrant Bishop Arts District, this unique property offers exceptional flexibility and income potential. The vacant main home was previously leased for $2,100 per month, while the detached approximately 400-square-foot ADU is currently tenant occupied at $1,400 per month, making this an outstanding opportunity for investors or owner-occupants seeking supplemental income (buyer to independently verify rental potential). The spacious two-story main home features five bedrooms and two bathrooms, with a functional floor plan offering three bedrooms downstairs and two upstairs. Thoughtful updates throughout include laminate flooring, fresh paint, granite countertops, modern fixtures, and more. Multiple living spaces provide plenty of room for everyday living, entertaining, or working from home. The detached ADU includes its own full kitchen and bathroom, making it ideal for continued rental income, multigenerational living, extended guests, or a private home office. Step outside to a spacious deck overlooking the large backyard, creating the perfect setting for weekend barbecues, family gatherings, or relaxing evenings outdoors. With its generous lot, flexible living arrangements, updated finishes, and location just minutes from the dining, shopping, and entertainment of Bishop Arts, this property offers a rare combination of lifestyle, versatility, and investment potential. Washer, dryer, and refrigerator are negotiable with an acceptable offer.

Investor Tools

$274,199Estimated Mortgage Balance
$109,607Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$362,677
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,297 /month
Positive
Cash Flow Estimate:
$766 /month

Interested in this property?

Shayne Hickey

Texas Ally Real Estate Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$872/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,555
$382,770
2025
$95,000
$287,770
$382,770
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,555
$382,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homeowners Financial Group Usa Llc
Conventional
$299,700
No
First
Nov 1, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$274,199
$108,571
28%
72%
$1,797/mo

Learn About the Market: Opportunity in Dallas

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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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1227 Wilbur St | Property Details | No Agent List