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Owner Contacts

$400,000

1621 Matagorda Dr, Dallas, TX, 75232

Off Market

3 Beds

3 Bath

2,011 Sq Ft

Single Family Residence

$104.43 / sqft

Built in 1965

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Double Oven, Gas Cooktop, Gas Oven, Refrigerator

FlooringCarpet, Laminate, Wood

Exterior

Lot Size8,885 sqft

Building Information

Year Built1965

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000651910000000

Lot Number15

SubdivisionGlen Hills

Land UseResidential

Legal DescriptionGLEN HILLS BLK 16/6914 LOT 15 INT202200076018 DD03162022 CO-DC 6914 016 01500 2006914 016

Census Tract011003

Assessed Land Value$60,000

Assessed Improvement Value$340,000

Assessment Year2025

About this property

*MULTIPLE OFFERS RECEIVED-PLEASE SUBMIT HIGHEST AND BEST OFFER BY 5PM ON FEBRUARY 3RD* Investment home or Forever home?! Either of the two are amazingly befitting! This interior lot has a great floor plan that allots for gatherings or snuggled areas to get away in your own space. Beautifully manicured grass in the front, but be sure to check out the awesome covered patio in the rear of your home that’s perfect for outdoor relaxing. This home is ready for you to claim your happy space! This beauty is currently leased for $1800 per month until 3.28.2021, but we will be sure to convey the lease properly during the closing process!

Investor Tools

$400,000

Estimated Property Value

$363,298Estimated Mortgage Balance

$35,635Estimated Equity

9% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,400 /month

Positive

Cash Flow Estimate:

$800 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$713/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,554

$400,000

2025

$60,000

$340,000

$400,000

Tax History

Year

Tax Paid

Assessed Value

2024

$6,554

$400,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Rocket Mortgage Llc

Fha

$363,298

Yes

First

Mar 16, 2022

Apr 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$364,365

$35,635

91%

$2,364/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$2,364/mo

$-392/mo

5.9%

Learn About the Market: Opportunity in Dallas

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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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