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$272,000

NAL Estimated Property Value

205 Gotcher Avenue, Lake Dallas, TX, 75065

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,102 Sq Ft
price_per_sqft$226.86 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Refrigerator
FlooringLaminate, Tile

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size6,299 sqft

Building Information

Year Built1964
Stories1
Roof Type105

Land Information

APNR66081
Lot Number21
SubdivisionGotcher Addn
Land UseResidential
Legal DescriptionGOTCHER ADDN BLK 2 LOT 21(E PT)
Census Tract021411
Assessed Land Value$50,400
Assessed Improvement Value$186,655
Assessment Year2025

About this property

Don't miss this cozy 2 bedroom house in the heart of Lake Dallas with charming curb appeal! Great find to add to your investment portfolio or as a primary residence. Laminate flooring throughout, neutral color palette, full bath with gorgeous walk in shower plus 2 living areas, or 1 could be used as a dining space. Kitchen features built in shelving, electric range and built in dishwasher. Enjoy large side yard perfect for kids or pets to play plus storage building for toys, equipment, etc. Easy access to I35, short drive to Lake Lewisville, walking distance from city park & library and close to local dining spots. Bring your creativity and make this place your own!

Investor Tools

Property Icon
$272,000
Estimated Property Value
$237,517Estimated Mortgage Balance
$34,483Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,632 /month
Positive
Cash Flow Estimate:
$544 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$395/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,377
$234,811
2025
$50,400
$186,655
$237,055
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,377
$234,811

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Fha
$245,974
Yes
First
Jun 11, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,517
$34,483
12%
87%
$1,475/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,660/mo
$1,475/mo
+$185/mo
7.3%

City: Lake Dallas

205 Gotcher Avenue | Property Details | No Agent List