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$519,900

2038 N Prairie Ave # 1-104, Dallas, TX, 75204

$531,589 ARVInfo
Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,581 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$328.84 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Microwave, Tankless Water Heater, Vented Exhaust Fan
FlooringCeramic Tile

Exterior

Exterior FeaturesAwning(s), Rain Gutters, Lighting
Lot Size12,980 sqft

Building Information

Year Built2021
Stories3
Roof Type106
Garage Spaces2

Land Information

APN00C49900000100104
Lot Number16
Land UseResidential
Legal DescriptionCONDOMINIUMS AT NORTH PRAIRIE BLK A/653 LT 16 BLDG 1 UNIT 104 CE%10 INT202300064182 DD04032023 CO-DC 0653 00A 01600 1DA0653
Census Tract000801
Assessed Land Value$90,860
Assessed Improvement Value$423,290
Assessment Year2025

About this property

The Residences on Prairie is a 10-unit townhome-style condo development in East Dallas. Prime location close to Downtown and minutes away from the Knox Henderson & Lower Greenville entertainment districts. This premium unit features a desirable layout with a flex space on the first level, and an open kitchen & living with a walk-in pantry on the main level. The third level is comprised of a spacious primary bedroom with a walk-in closet & shower, and a guest bedroom with an en-suite bath. Relax on the rooftop terrace with downtown views perfect for entertaining. Modern finishes throughout, tall ceilings, and oversized windows that let in plenty of natural light. Well constructed with full brick, stucco & wood exterior. Construction to be completed by early March 2023.

Investor Tools

Property Icon
$514,150
Estimated Property Value
$493,101Estimated Mortgage Balance
$48,976Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$531,588
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,119 /month
Positive
Cash Flow Estimate:
$1,040 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$940/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,709
$514,150
2025
$90,860
$423,290
$514,150
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,709
$514,150

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$493,101
No
First
Apr 3, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$465,174
$48,976
9%
90%
$2,957/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,350/mo
$3,157/mo
$-807/mo
5.5%

Learn About the Market: Opportunity in Dallas

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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