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$327,000

NAL Estimated Property Value

1422 Michigan Ave, Dallas, TX, 75216

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,109 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$2.34 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesTrash Compactor, Dishwasher, Disposal, Dryer, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
FlooringHardwood

Exterior

Lot Size7,098 sqft

Building Information

Year Built1947
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000287779000000
Lot Number13
SubdivisionCedar Oaks
Land UseResidential
Legal DescriptionCEDAR OAKS BLK A/3761 LT 13 INT201700332267 DD11202017 CO-DC 3761 00A 01300 2003761 00A
Census Tract005400
Assessed Land Value$110,000
Assessed Improvement Value$172,750
Assessment Year2025

About this property

Say hello to stunning hardwood flooring, sourced directly from majestic trees, and goodbye to generic Home Depot laminate. Other notable amenities include all top-of-the-line Frigidaire stainless steel appliances and a brand-new LG Wash Tower. This property has undergone a transformative renovation, with the owners enlisting the expertise of a carpenter whose craftsmanship is evident in every detail. Nestled in the charming Cedar Oaks - Beckley Club neighborhood of Oak Cliff, you'll be enchanted by the presence of dozens of peacocks that roam the neighborhood. The tight-knit community fosters a sense of belonging and camaraderie among residents. The location is excellent, when it's time to dine out explore the culinary delights of many great nearby dining spots or savor the vibrant atmosphere of Bishop Arts. With easy access to the newly remodeled I-35, you can effortlessly reach your desired destinations in mere minutes. 3D virtual tour and video available.

Investor Tools

Property Icon
$327,000
Estimated Property Value
$152,622Estimated Mortgage Balance
$174,378Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,962 /month
Positive
Cash Flow Estimate:
$654 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$423/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,439
$282,750
2025
$110,000
$172,750
$282,750
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,439
$282,750

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Chicago Mortgage Solutions Corp
Conventional
$169,400
No
First
Mar 24, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$152,622
$174,378
53%
47%
$1,016/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,016/mo
+$549/mo
5.7%

City: Dallas

1422 Michigan Ave | Property Details | No Agent List