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Owner Contacts

$326,640

NAL Estimated Property Value

1302 Michigan Ave, Dallas, TX, 75216

Off Market

3 Beds

1 Bath

1,284 Sq Ft

Single Family Residence

$198.6 / sqft

Built in 1949

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Garage Available

Heating Central

Cooling

AppliancesNone

FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesStorage

Lot Size7,847 sqft

Building Information

Year Built1949

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000287347000000

Lot Number9-B

SubdivisionCresta Blanca Resubd

Land UseResidential

Legal DescriptionCRESTA BLANCA RESUBD BLK B-6/3755 LOT 9-B MICHIGAN & WINTERS INT202100016073 DD01142021 CO-DC 3755 0B6 09B00 2003755 0B6

Census Tract005400

Assessed Land Value$110,000

Assessed Improvement Value$216,640

Assessment Year2025

About this property

NEW PRICE Location! Amazing Mid Century Home, with 3 Bedrooms, 1 Bath, fresh paint, inside and out, new roof, wall & ceiling texture! Original Hardwood floors, Luxury Vinyl, and marbled ceramic tile, grace this updated home, and compliment the designer paint colors, decorative lighting, and Cedar Accents on entry way to kitchen, outdoor porch, window headers and European Window Boxes. The incredible kitchen has quartz counters, herring bone pattern backsplash, and mission style cabinets. Beautiful, light and Airy, this home situated on a large corner lot, with enclosed drive & black wrought iron fencing, large trees,is convenient to Bishop Arts district, Methodist Hospital, Dallas Zoo and downtown Dallas.

Investor Tools

$326,640

Estimated Property Value

$268,517Estimated Mortgage Balance

$58,123Estimated Equity

17% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,960 /month

Positive

Cash Flow Estimate:

$653 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$508/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,465

$326,640

2025

$110,000

$216,640

$326,640

Tax History

Year

Tax Paid

Assessed Value

2024

$4,465

$326,640

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Primelending

Conventional

$239,400

First

Jan 15, 2021

Feb 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$268,517

$58,123

17%

82%

$1,765/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$1,765/mo

+$207/mo

7.2%

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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