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Owner Contacts

$405,000

NAL Estimated Property Value

1620 Hanging Cliff Dr, Dallas, TX, 75224

Off Market

4 Beds

3 Bath

2,148 Sq Ft

Single Family Residence

$185.75 / sqft

Built in 1965

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Gas Oven, Microwave, Double Oven

FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size9,600 sqft

Building Information

Year Built1965

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000493345000000

Lot Number16

SubdivisionOak Park

Land UseResidential

Legal DescriptionOAK PARK ESTATES 5 BLK 5A/6036 LT 16 INT202200148774 DD05252022 CO-DC 6036 05A 016 2006036 05A

Census Tract006100

Assessed Land Value$80,000

Assessed Improvement Value$320,640

Assessment Year2025

About this property

Welcome home to this beautiful updated single family property located in sought after Oak Park Estates in desirable Dallas! This home boasts 4 bedrooms, 3 bathrooms, a two car garage and 2,390 square feet of living space. Some of its many features include a huge master bedroom suite on the main floor with elegant master bath, upgraded kitchen opens up to the living area, oversized corner lot near quiet cut-de-sac, stunning private fenced in backyard and so many more! This home is great for entertaining in both indoor and outdoor spaces. Schedule your showing today!

Investor Tools

$405,000

Estimated Property Value

$360,026Estimated Mortgage Balance

$44,974Estimated Equity

11% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,430 /month

Positive

Cash Flow Estimate:

$810 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$750/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,975

$400,640

2025

$80,000

$320,640

$400,640

Tax History

Year

Tax Paid

Assessed Value

2024

$6,975

$400,640

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Everett Financial Inc

Conventional

$389,160

First

May 25, 2022

Jun 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$360,026

$44,974

11%

89%

$2,334/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,572/mo

$2,334/mo

+$238/mo

7.6%

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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