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Owner Contacts

$249,690

NAL Estimated Property Value

1638 Herald St, Dallas, TX, 75215

Off Market

4 Beds

2 Bath

1,247 Sq Ft

$140.26 / sqft

Built in 2020

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range

FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size5,000 sqft

Building Information

Year Built2020

Stories1

Roof Type105

Land Information

APN00000201010000000

Lot Number15

SubdivisionColonial Terrace

Land UseResidential

Legal DescriptionCOLONIAL TERRACE BLK 4/2119 LOT 15 INT202100001112 DD12302020 CO-DC 2119 004 01500 1002119 004

Census Tract020900

Assessed Land Value$45,000

Assessed Improvement Value$204,690

Assessment Year2025

About this property

GORGEOUS NEW CONSTRUCTION in South Dallas-Fair Park. Pictures is of model home located at 1621 Herald St. The BRAND NEW 4 bed 2 bath home come equipped with an open floor plan concept that is perfect for entertaining. Home has laminate flooring, quartz countertops, 42 inch kitchen cabinets, waterfall kitchen island overlooking the living and dining room, oversized master bedroom with laminate flooring, barn door bathroom with double vanity and spacious walk in closet. All stainless-steel appliances (range & dishwasher). Easy access to highways and nearby schools. Minutes from Downtown, Fair Park and Deep Ellum.

Investor Tools

$249,690

Estimated Property Value

$158,525Estimated Mortgage Balance

$91,165Estimated Equity

36% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,498 /month

Positive

Cash Flow Estimate:

$499 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$161/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$686

$249,690

2025

$45,000

$204,690

$249,690

Tax History

Year

Tax Paid

Assessed Value

2024

$686

$249,690

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Amcap Mortgage Ltd

$177,000

Yes

First

Dec 30, 2020

Jan 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$158,525

$91,165

36%

63%

$1,062/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,572/mo

$1,062/mo

+$1,510/mo

12.4%

Learn About the Market: Opportunity in Dallas

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